Diedrick v. Helm

Peterson, Justice.

This is a representative action brought by plaintiffs as minority stockholders of The Minneapolis Savings and Loan Association of Minneapolis, Minnesota (herein referred to as the association), to recover certain amounts received by the P. M. Endsley Company (herein referred to as the agency) as commissions as agent in procuring fire and tornado insurance. The claim is that the association is entitled to the commissions upon- the grounds that the defendants, other than the association, through the agency, in breach of fiduciary duty, deprived the association of the…