SPECIAL TRANSPORTATION SERVICES, INC. v. BALTO

No. 4-70 Civ. 90.

325 F.Supp. 1185 (1971)

SPECIAL TRANSPORTATION SERVICES, INC., a Corporation, Plaintiff, v. Theodore BALTO, Defendant.

United States District Court, D. Minnesota, Fourth Division.

April 2, 1971.


Attorney(s) appearing for the Case

Hvass, Weisman, King & Allen, by Gary C. Hoffman, Minneapolis, Minn., for plaintiff.

Schermer, Schwappach, Borkon & Ramstead, by John H. Ramstead, Minneapolis, Minn., for defendant.


NEVILLE, District Judge.

Plaintiff's complaint alleges a sale by defendant to plaintiff of all of the issued and outstanding capital stock of Arrow Rent-A-Car, Inc. and Briar, Inc., both Minnesota corporations. The terms are contained in a formal written agreement and involved a transaction between two private parties and not on any securities exchange. Plaintiff claims defendant warranted the dollar net worth of the corporation as of a certain day, which representation...

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