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ARENT v. DISTRIBUTION SCIENCES, INC.

No. 91-2649.

975 F.2d 1370 (1992)

Jeff R. ARENT; Kathleen Corrigan Foley; Charles Haagenson; Harley H. Hanson; Linnea Stockness Hanson; Harris Hanson & Company; Gary L. Jacobson; Eugene L. Johnson; Wally L. Johnson; Clifford Lof; William P. Marver; Phyllis F. Meryhew; Donald W. Molde; Darlene J. Molde; Kenneth L. Museus; Cheryl A. Naddy; Terry P. O'Brien; James Slavik; Richard L. Stockness; Raymond O. Wenz; Plaintiffs-Appellants, v. DISTRIBUTION SCIENCES, INC., a Delaware corporation, Defendant-Appellee.

United States Court of Appeals, Eighth Circuit.

Decided September 24, 1992.

Attorney(s) appearing for the Case

Peter J. Timmons, Minneapolis, Minn., argued (Mark P. Kovalchuk, on the brief), for plaintiffs-appellants.

Karl L. Cambronne, Minneapolis, Minn., argued (Sandra J. McGoldrick-Kendall, on the brief), for defendant-appellee.

Before JOHN R. GIBSON, Circuit Judge, LAY, Senior Circuit Judge, and LOKEN, Circuit Judge.

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...

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