SIOUX FALLS, SD – The South Dakota Supreme Court has been asked to help settle part of a family dispute involving one of the world’s largest beef jerky companies. Jay Link, the son of Wisconsin-based Link Snacks Inc. founder Jack Link, thinks a judge undervalued his shares of South Dakota-based subsidiary LSI Inc. A circuit judge had determined that Jay Link’s LSI shares were worth $16.55 million. Jay Link’s attorney asked the South Dakota Supreme Court on Tuesday to direct that his shares of LSI be purchased for $21 million. He argued that the circuit judge mistakenly discounted the value of the company because LSI sells to only one customer, Link Snacks. An attorney for the company says the valuation is correct. LSI, Inc. has facilities in Alpena.
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