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STERMAN v. HORNBECK

No. 89-1179.

156 Wis.2d 556 (1990)

457 N.W.2d 874

Daniel STERMAN, Patricia Sterman, and Harris Sterman, Plaintiffs-Appellants, v. Philip W. HORNBECK, Jean M. Hornbeck, L. James Deutsch, and Gervais M. Deutsch, Defendants-Respondents.

Court of Appeals of Wisconsin.

Decided May 2, 1990.

Attorney(s) appearing for the Case

On behalf of the plaintiffs-appellants, the cause was submitted on the briefs of Daniel W. Stevens of Esser, Dieterich & Stevens of Menomonee Falls and oral argument by Daniel W. Stevens.

On behalf of the defendants-respondents, the cause was submitted on the brief of James C. Herrick, Jr. of Herrick & Fry, S.C. of Fond du Lac and oral argument by James C. Herrick, Jr.

Before Nettesheim, P.J., Brown and Scott, JJ.

NETTESHEIM, P.J.

Harris Sterman appeals from a judgment dismissing his action for rescission of a sales contract between Wisconsin Electronics Supply Co., Inc. (WES), seller, and Philip Hornbeck and L. James Deutsch, purchasers.1 Harris claims he is a stockholder in WES and that the corporation sold substantially all of its assets to Hornbeck and Deutsch without stockholder notice or approval contrary to sec. 180.71, Stats.; therefore...

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