Japs-Olson Family in Court Over Ownership

At the time, there were 10 members on the board—seven representing the interests of the Beddors and three representing the Murphys. The company declared dividends each year that were enough for each sibling to make the required annual payments on the stock they purchased from their parents.

But the dividends reportedly stopped in 1997, and the children were unable to make their payments on the promissory notes, according to the lawsuit. Rather than declare their children in default, the older Beddors sought assurances that their vision for the company would be carried out in a consensus manner.