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NORWEST BANK v. MIDWESTERN MACHINERY

No. C8-91-1750.

481 N.W.2d 875 (1992)

NORWEST BANK MINNESOTA, N.A., f/k/a Norwest Bank Midland, N.A., Respondent, v. MIDWESTERN MACHINERY CO., et al., Appellants.

Court of Appeals of Minnesota.

Review Denied May 15, 1992.

Attorney(s) appearing for the Case

Wendy J. Wildung, Michael A. Ponto, Faegre & Benson, Minneapolis, for respondent.

Richard Ihrig, Jonathan M. Bye, Helen Mary Hughesdon, Lindquist & Vennum, Minneapolis, for appellants.

Considered and decided by FORSBERG, P.J., and KLAPHAKE and DAVIES, JJ.

OPINION

FORSBERG, Judge.

Appellants Midwest Machinery Company (MMC) and its principal owner, Peter Platzer, brought this action claiming they were denied credit by respondent Norwest Bank (Bank) on the basis of Platzer's age, in violation of the Equal Credit Opportunity Act (ECOA). Appellants also claim the Bank breached promises to honor a $5,000,000 line of credit, with additional amounts available on an as needed basis, and to release certain security...

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