RATHBUN v. W. T. GRANT COMPANY

Nos. 44328, 44332.

219 N.W.2d 641 (1974)

Mr. Albert C. RATHBUN, et al., Respondents, v. W. T. GRANT COMPANY, Appellant. Walter O. JOHNSON, et al., Respondents, v. W. T. GRANT COMPANY, Appellant.

Supreme Court of Minnesota.

June 14, 1974.


Attorney(s) appearing for the Case

Faegre & Benson, John S. Holten, and Gordon G. Busdicker, Minneapolis, for appellant.

Mark Reinhardt, Paul W. Onkka, Jr., Legal Assistance of Ramsey County, Inc., St. Paul, for Rathbun.

Sigal & Savelkoul and Donald C. Savelkoul, Minneapolis, for Johnson.

Considered and decided by the court en banc.


TODD, Justice.

In each of these cases, defendant appeals from a partial summary judgment declaring its retail installment credit coupon book plan to be usurious under the laws of the State of Minnesota. Defendant also challenges in these appeals the orders of the court entered in these matters allowing a class action. We conclude that the trial court properly found the coupon plan to be usurious, but vacate the court's orders on the class action in part and remand...

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