PAKO CORP. v. CITYTRUST

Civ. No. 4-88-813.

109 B.R. 368 (1989)

PAKO CORPORATION, a Delaware corporation, Plaintiff, v. CITYTRUST, a State Chartered Commercial Bank under the Laws of Connecticut, Defendant.

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

December 8, 1989.


Attorney(s) appearing for the Case

Robert E. Woods, Patrick T. Skelly, Briggs & Morgan, St. Paul, Minn., for plaintiff.

Richard Ihrig, Lindquist & Vennum, Minneapolis, Minn., for defendant.


MEMORANDUM AND ORDER

MacLAUGHLIN, District Judge.

This matter is before the Court on defendant's motion for summary judgment on all claims. The motion will be granted.

FACTS

Pako Corporation (Pako) is a Delaware corporation, which has historically been engaged in the manufacture and marketing of photographic, graphic arts and x-ray processing equipment.

In October of 1980, Pako's stock was purchased by Delblo Enterprises, Inc., a...

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