Weltzin v. Nail
Supreme Court of Iowa
1Opinion of the Court
SNELL, Justice.
This is an interlocutory appeal from the Black Hawk County District Court. The appellant shareholders contend that their demand for a jury trial in their derivative suit was improperly stricken. We granted review and affirm the district court’s ruling.
I. Background Facts and Proceedings
The plaintiffs/appellants in this case are shareholders of LaPorte City Cooperative Elevators. On behalf of the company, they brought a shareholder’s derivative lawsuit against its directors and officers. A derivative lawsuit is unique in that the shareholders allege the company’s directors have…
2Cases cited34 opinions
- Ross v. BernhardSupreme Court of the United States · 1969
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- Fleitmann Ex Rel. Stockholders of the Consolidated Street Lighting Co. v. Welsbach Street Lighting Co.Supreme Court of the United States · 1916
- Uselman v. UselmanSupreme Court of Minnesota · 1990
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