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ANDERSON v. ANDERSON

No. 42161.

197 N.W.2d 720 (1972)

Walter R. ANDERSON et al., Respondents, v. James E. ANDERSON et al., Defendants, Lecon Properties, Inc., Defendant, Lakeland Development Corporation, Respondent, David W. Anderson, Defendant, William B. Korstad, Appellant.

Supreme Court of Minnesota.

May 19, 1972.

Attorney(s) appearing for the Case

William B. Korstad, pro se, Byron McCullagh, Minneapolis, for appellant.

Harry H. Peterson, Minneapolis, for respondents.

Heard before KNUTSON, C. J., and MURPHY, OTIS, ROGOSHESKE and PETERSON, JJ.

ROGOSHESKE, Justice.

This appeal by defendant William B. Korstad arises out of a derivative shareholders' action brought by Walter and Theodore Anderson on behalf of Lakeland Development Corporation (Lakeland) to rescind a sale of land owned by Lakeland to defendant Lecon Properties, Inc., (Lecon) and to recover from defendant Korstad, an officer and director of, and legal counsel for, both corporations, $17,500 in fees paid to him by Lakeland for effecting the sale...

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