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BURULL v. FIRST NAT. BANK OF MINNEAPOLIS

No. 86-5333.

817 F.2d 56 (1987)

Robert BURULL and Jeanne Burull, Appellants, v. FIRST NATIONAL BANK OF MINNEAPOLIS, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided April 27, 1987.

Attorney(s) appearing for the Case

Karla R. Wahl, Minneapolis, Minn., for appellants.

Jeffrey L. Sikkema, Minneapolis, Minn., for appellee.

Before ROSS, ARNOLD and MAGILL, Circuit Judges.

ARNOLD, Circuit Judge.

This case from the District of Minnesota1 arises out of the demise of United States Satellite Services, Inc. (USSS), a company founded by the plaintiffs, Robert and Jeanne Burull. In May 1983, the Burulls sold 50 per cent. of USSS's voting stock to Barbara Adams for $175,000. That same month, USSS entered into a Credit Agreement with defendant First National Bank of Minneapolis...

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