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FSL ACQUISITION CORP. v. FREELAND SYSTEMS, LLC

Case No. 09-CV-2767 (PJS/AJB).

686 F.Supp.2d 921 (2010)

FSL ACQUISITION CORP., a Minnesota corporation, and Kardia Health Systems, Inc., a Minnesota corporation, Plaintiffs, v. FREELAND SYSTEMS, LLC, a Florida limited-liability company, John Freeland, and Alan Stegemoller, Defendants. Freeland Systems, LLC, a Florida limited-liability company, Counterclaimant, v. FSL Acquisition Corp., a Minnesota corporation, Kardia Health Systems, Inc., a Minnesota corporation, and Gus Chafoulias, Counter-defendants.

United States District Court, D. Minnesota.

February 12, 2010.

Attorney(s) appearing for the Case

Barbara Podlucky Berens, Paul R. Hannah, Erin K. Fogarty Lisle, and Catherine A. McEnroe, Kelly & Berens, P.A.; Thomas B. Heffelfinger, Best & Flanagan, LLP, for plaintiffs/counter-defendants.

Sara A. Poulos and Peter N. Surdo, Robins, Kaplan, Miller & Ciresi, L.L.P., for defendants and counterclaimant.

ORDER

PATRICK J. SCHILTZ, District Judge.

Plaintiffs FSL Acquisition Corp. and Kardia Health Systems (collectively "Kardia") move for a preliminary injunction forbidding defendants Freeland Systems, LLC and John Freeland (collectively "Freeland") from foreclosing on and selling certain assets in which Freeland claims to have a security interest. Freeland opposes the motion and asks the Court, if it grants the motion, to require Kardia to post a $6 million...

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