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THORP COMMERCIAL CORP. v. NORTHGATE INDUSTRIES, INC.

Civ. No. 4-74-58.

490 F.Supp. 197 (1980)

THORP COMMERCIAL CORPORATION, Plaintiff, v. NORTHGATE INDUSTRIES, INC., Wayne M. Benson, Roy E. Benson, Gerald Benson, Marsha Benson, Paul Gallick, Franklin National Bank of Minneapolis, Jensen Contractors, Inc. and David DeZiel, Defendants.

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

May 7, 1980.

Attorney(s) appearing for the Case

Edward J. Heiser, Jr. and Michael T. Hart, Whyte & Hirshboeck, S.C., Milwaukee, Wis., and J. Michael Dady, Lindquist & Vennum, Minneapolis, Minn., for plaintiff.

Robert G. Share and James E. Nelson, Levitt, Palmer, Bowen, Rotman & Share, Minneapolis, Minn., for defendant Franklin Nat. Bank of Minneapolis.

MEMORANDUM AND ORDER

MacLAUGHLIN, District Judge.

This action was commenced in 1974 by plaintiff Thorp Commercial Corporation (hereinafter Thorp) against various defendants, alleging violations of the federal securities laws and common law fraud. The securities act claims were dismissed in 1974, and Thorp's common law fraud claim remains to be tried. This commercial dispute arises from the business failure of...

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