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ELLWEIN v. SUN-RISE, INC.

No. 42989.

203 N.W.2d 403 (1972)

Fred ELLWEIN, et al., Respondents, John M. Grantman, et al., Plaintiffs, v. SUN-RISE, INC., et al., Defendants, Douglas A. Taylor, et al., Appellants.

Supreme Court of Minnesota.

December 22, 1972.

Attorney(s) appearing for the Case

Hadlick & Hoedeman and L. M. Schmidthuber, Minneapolis, for appellants.

Gislason, Alsop, Dosland & Hunter and James H. Malecki, New Ulm, for respondents.

Heard before KNUTSON, C. J., and PETERSON, KELLY, and TODD, JJ.

KELLY, Justice.

Several of the individual defendants in this suit appeal from an order denying their motion to dismiss for want of personal jurisdiction.1 We affirm.

Plaintiffs brought a shareholders' derivative suit against Sun-Rise, Inc., and 9 of its 21 directors alleging that the directors authorized the issuance of stock for a consideration unfair to existing shareholders and in...

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