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ZIMMERMANN v. BRENNAN

No. 264.

56 Wis.2d 623 (1973)

202 N.W.2d 923

ZIMMERMANN, Respondent, v. BRENNAN, Defendant: REDELL and another, Appellants.

Supreme Court of Wisconsin.

Decided January 3, 1973.

Attorney(s) appearing for the Case

For the appellants there was a brief by Brennan & Brennan and Joseph K. Brennan, all of Milwaukee, and oral argument by Joseph K. Brennan.

For the respondent there was a brief by Walther & Halling, attorneys, and David L. Walther and F. M. Van Hecke of counsel, all of Milwaukee, and oral argument by David L. Walther.

HALLOWS, C. J.

In 1961, Advertising Art Studios, Inc., established an employees' profit-sharing plan which met the approval of the Internal Revenue Service for tax purposes. Redell, the vice-president and chairman of the board of the Studios, was an owner of one half of the common stock; Jahnke, the president and art director, owned the other one half of the outstanding common stock. Brennan was the attorney for the company

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