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Corporations — derivative actions — standing

By: WISCONSIN LAW JOURNAL STAFF//March 19, 2014//

Corporations — derivative actions — standing

By: WISCONSIN LAW JOURNAL STAFF//March 19, 2014//

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Wisconsin Court of Appeals

Civil

Corporations — derivative actions — standing

Plaintiffs-Appellants appeal the circuit court’s order dismissing their “unjust enrichment/constructive trust” and fraudulent transfer claims against Defendants-Respondents. The circuit court granted Respondents’ motions to dismiss, concluding that the amended complaint failed to state a claim against Respondents because Appellants’ claims are derivative and they do not have standing to bring them. We agree and affirm. Not recommended for publication in the official reports.

2013AP930 AM Community Credit Union et al. v. M&D Investment Company LLC et al

Dist II, Waukesha County, Kieffer, J., Gundrum, J.

Attorneys: For Appellant: Devitt, Teague D., Madison; For Respondent: Hale, Christopher T., Milwaukee; Frank, Andy G., Milwaukee; Wagner, K. Scott, Milwaukee; Olson, Mitchell R., Madison

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