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HAUSCHILDT v. BECKINGHAM

No. A03-218.

686 N.W.2d 829 (2004)

Wayne HAUSCHILDT, et al., Appellants, v. Dennis J. BECKINGHAM, et al., Respondents.

Supreme Court of Minnesota.

September 16, 2004.

Attorney(s) appearing for the Case

Vernon J. Vander Weide, Thomas V. Seifert, Head, Seifert & Vander Weide, Eric J. Magnuson, Rider Bennett Egan & Arundel, LLP, Minneapolis, MN, for Appellant.

Thomas J. Lyons, Thomas J. Lyons & Associates, P.A., Thomas J. Lyons, Jr., Consumer Justice Center, P.A., Little Canada, MN, Guy M. Burns, Jonathan S. Coleman, Johnson, Blakely, Pope, Bokor, Ruppel & Burns, P.A., Tampa, FL, for Respondent.

Heard, considered, and decided by the court en banc.

OPINION

ANDERSON, PAUL H., Justice.

In October 2002, plaintiff-appellants Wayne Hauschildt and Patti Richmond Hauschildt, former depositors in the West Publishing Employees' Preferred Stock Association, commenced an action on behalf of themselves and others similarly situated against defendant-respondents who were officers of the association's Governing Board. The Hauschildts' complaint concerned events in late 1998. They allege that the officers failed...

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