Legal Opinion
Wessin v. Archives Corp.
Supreme Court of Minnesota
Decided May 13, 1999No. C5-98-28, C3-98-30PublishedCited by 35 opinions
1Opinion of the Court
OPINION
GILBERT, J.
This case was brought as a direct action by some of the minority shareholders of a close ly held corporation. The minority shareholders allege that the corporation’s majority shareholder misappropriated and wasted corporate assets. The minority shareholders sought recovery on their own behalf, rather than on the behalf of the corporation pursuant to Minn. R. Civ. P. 23.06, which governs derivative actions. The trial court determined that all of the minority shareholders’ claims were derivative. Because the minority shareholders had failed to follow the derivative pleading…
2Cases cited14 opinions
- Landstrom v. ShaverSouth Dakota Supreme Court · 1997
- Edward F. BAGDON, Plaintiff-Appellee—Cross-Appellant, v. BRIDGESTONE/FIRESTONE, INC., Defendant-Appellant—Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1990
- Barth v. BarthIndiana Supreme Court · 1995
- Seitz v. MichelSupreme Court of Minnesota · 1921
- Clarence v. Watson v. Woodrow C. ButtonCourt of Appeals for the Ninth Circuit · 1956
9 more not listed; retrieve them via the Exa API.
3Cited by35 opinions
- Combs v. Pricewaterhousecoopers LLPCourt of Appeals for the Tenth Circuit · 2004
- Berreman v. West Publishing Co.Court of Appeals of Minnesota · 2000
- Stephanie Keller v. Estate of Edward Stephen McRedmondTennessee Supreme Court · 2016
- Stead-Bowers v. LangleyCourt of Appeals of Minnesota · 2001
- Smith v. Woodwind Homes, Inc.Court of Appeals of Minnesota · 2000
30 more not listed; retrieve them via the Exa API.