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INFORMATION EXCHANGE SYSTEMS v. FIRST BANK NATIONAL ASS'N

No. 92-3132.

994 F.2d 478 (1993)

INFORMATION EXCHANGE SYSTEMS, INC., and IXI Laboratories, Inc., Appellants, v. FIRST BANK NATIONAL ASSOCIATION, Appellee. QWIX MEDIA SHOPS AND DEPOTS, INC., Appellant, v. FIRST BANK NATIONAL ASSOCIATION, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided May 28, 1993.

Rehearing Denied August 5, 1993.

Attorney(s) appearing for the Case

John F. Bonner, Minneapolis, MN, argued, for appellants.

Shannon M. O'Toole, Minneapolis, MN, argued, for appellee.

Before BEAM, LOKEN, and MORRIS SHEPPARD ARNOLD, Circuit Judges.

MORRIS SHEPPARD ARNOLD, Circuit Judge.

The events as recounted by the parties are difficult to reconstruct. Nonetheless, what follows is a factual summary that is as accurate as we can make it, given the state of the record submitted to us.

Ronald Johnson originally owned three independent but related corporations—Information Exchange Systems (IXI), IXI Laboratories (Labs), and Qwix Media (Qwix). IXI is a research company and holds various patents related...

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