Legal Opinion
Arent v. Distribution Sciences, Inc.
Court of Appeals for the Eighth Circuit
Decided September 24, 1992No. 91-2649PublishedCited by 24 opinions
1Opinion of the Court
LOKEN, Circuit Judge.
Twenty minority shareholders of bankrupt LAN Systems, Inc. (“LAN”), commenced this diversity action against Distribution Sciences, Inc. (“DSI”), alleging numerous claims arising out of DSI’s contractual relationship with LAN. The district court1 dismissed the complaint on the ground that these claims belong to LAN and may not be asserted individually by its shareholders. Plaintiffs appeal. We affirm.
In reviewing de novo the dismissal of a complaint for failure to state a claim, “we must take the well-pleaded allegations of the complaint as true, and construe the…
2Cases cited16 opinions
- Morton v. BeckerCourt of Appeals for the Eighth Circuit · 1986
- Richfield Bank & Trust Co. v. SjogrenSupreme Court of Minnesota · 1976
- Empire Life Insurance Company of America v. Valdak CorporationCourt of Appeals for the Fifth Circuit · 1972
- Coy R. GROGAN and John Henson, Appellees, v. Frank J. GARNER, Jr., AppellantCourt of Appeals for the Eighth Circuit · 1987
- Murphy v. Country House, Inc.Supreme Court of Minnesota · 1976
11 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Landstrom v. ShaverSouth Dakota Supreme Court · 1997
- Strougo Ex Rel. Brazil Fund, Inc. v. Scudder, Stevens & Clark, Inc.District Court, S.D. New York · 1997
- Dloogatch v. BrincatAppellate Court of Illinois · 2009
- Arnlund v. Deloitte & Touche LLPDistrict Court, E.D. Virginia · 2002
- Northwest Racquet Swim & Health Clubs, Inc. v. Deloitte & ToucheSupreme Court of Minnesota · 1995
19 more not listed; retrieve them via the Exa API.