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U.S. BANK NAT. ASS'N v. ANGEION CORP.

Nos. C3-99-2080, C7-00-386.

615 N.W.2d 425 (2000)

U.S. BANK NATIONAL ASSOCIATION, as Trustee, on behalf of Holders of 7-1/2% Senior Convertible Notes due 2003 of Angeion Corporation, Appellant, v. ANGEION CORPORATION, Respondent.

Court of Appeals of Minnesota.

August 15, 2000.

Attorney(s) appearing for the Case

Judy A. Rogosheske, Michael H. Pink, Best & Flanagan LLP, Minneapolis, for appellant.

Therese M. Marso, Robert R. Weinstine, Steven C. Tourek, Winthrop & Weinstine, P.A., Minneapolis, for respondent.

Considered and decided by RANDALL, Presiding Judge, LANSING, Judge, and WILLIS, Judge.

OPINION

LANSING, Judge.

This litigation involves the interpretation of an indenture. U.S. Bank, as trustee for Angeion Corporation noteholders, sued Angeion for defaulting on its obligation to make a repurchase offer to noteholders when it "conveyed, transferred, or leased all or substantially all of its assets or for injunctive relief." On cross-motions for summary judgment, Angeion disputed that its sale and license of patents triggered the repurchase...

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