Legal Opinion · Dissent

Borne v. Gonstead Advanced Techniques, Inc.

Court of Appeals of Wisconsin

Decided June 19, 2003No. 01-2624, 02-0973Published

1DissentLundsten, J.

¶ 21. (dissenting in part; concurring in part). The majority concludes that the injuries alleged in claims 1, 3, 4, and 5 of the complaint were primarily to the corporation and secondarily to the Borne Trust. The majority concludes that these claims were correctly dismissed because the Trust was not a registered stockholder at the time of the alleged injury-causing action. Majority at ¶¶ 14-16. I respectfully disagree. I believe the Trust sufficiently alleged a *268breach of fiduciary duty and that this claim is a direct action which may be brought by the Trust, even if the Trust was not a stock…

2Cases cited9 opinions

  1. Morgan v. Pennsylvania General InsuranceWisconsin Supreme Court · 1979
  2. Rose v. SchantzWisconsin Supreme Court · 1972
  3. Block v. GomezCourt of Appeals of Wisconsin · 1996
  4. Jorgensen v. Water Works, Inc.Court of Appeals of Wisconsin · 2001
  5. Jorgensen v. Water Works, Inc.Court of Appeals of Wisconsin · 1998

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