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COLLINS v. ENVIRONMENTAL SYSTEMS CO.

Nos. 92-3519, 92-3521.

3 F.3d 238 (1993)

Donald E. COLLINS and Financial Placements, Inc., A Missouri Corporation, Appellants, v. ENVIRONMENTAL SYSTEMS COMPANY, A Delaware Corporation, Appellee, and Melvyn L. Bell. FINANCIAL PLACEMENTS, INC., A Missouri Corporation, Appellant, v. ENVIRONMENTAL SYSTEMS COMPANY, A Delaware Corporation, and Melvyn L. Bell, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided August 12, 1993.

Rehearing Denied September 21, 1993.

Attorney(s) appearing for the Case

Robert Arthur Brunig, Minneapolis, MN, argued (Murray Miller, Phoenix, AZ, on the brief), for appellants.

Joseph W. Anthony, Minneapolis, MN, argued (Leslie S. McEvoy and Leny K. Wallen-Friedman, on the brief), for appellees.

Before JOHN R. GIBSON, Circuit Judge, ROSS, Senior Circuit Judge, and MORRIS SHEPPARD ARNOLD, Circuit Judge.

MORRIS SHEPPARD ARNOLD, Circuit Judge.

Financial Placements and Donald Collins appeal judgments of the trial court1 that claims related to two promissory notes and a stock transfer are barred by the statute of limitations. We affirm the judgments.

I.

In 1972, Pollution Controls, Inc. (PCI), was operating a facility in Minnesota that disposed of hazardous waste. The company was in perilous financial straits and was seeking...

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