HANRAHAN v. KRUIDENIER

No. 90-205.

473 N.W.2d 184 (1991)

George HANRAHAN and Reynaldo R. Francia, on Behalf of Themselves and all Others Similarly Situated, Appellants, v. David KRUIDENIER; Barbara Mack; Ronald J. Peterson; Charles Edwards, Jr.; Richard Gilbert; Morley Cowles Ballantine; Luther L. Hill, Jr.; J. Robert Hudson; Kenneth MacDonald; Burke Marshall; John Crystal; and James L. Heskett, Appellees, Elizabeth Ballantine, et al., Intervenors.

Supreme Court of Iowa.

July 17, 1991.


Attorney(s) appearing for the Case

Robert B. Scism and Virginia C. Scism of Scalise, Scism, Sandre, Uhl, McConville, Miller & Holliday, Des Moines, and David H. Weinstein of Kohn, Savett, Klein & Graf, P.C., Philadelphia, Pa., for appellants.

Bennett A. Webster of Gamble, Riepe, Webster, Davis & Green, and Robert G. Allbee of Ahlers, Cooney, Dorweiler, Haynie, Smith & Allbee, Des Moines, for appellees.

Considered by HARRIS, P.J., and SCHULTZ, CARTER, NEUMAN, and ANDREASEN, JJ.


HARRIS, Justice.

This is a shareholder derivative action, in the guise of a class action, to challenge a number of actions taken by defendant corporate leadership in winding up a corporation. The trial court dismissed the claims. Defendants cross-appeal from the denial of the imposition of sanctions. We affirm on both appeals.

Defendants,1 led by David Kruidenier, held management positions with the Des Moines Register and Tribune...

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