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IXMATION, INC. v. SWITCH BULB COMPANY, INC.

Case No. 14-cv-6993.

IXMATION, INC., Plaintiff, v. SWITCH BULB COMPANY, INC., a/k/a SWITCH LIGHTING CO. and WELLS FARGO BANK, N.A., Defendants.

United States District Court, N.D. Illinois, Eastern Division.

October 23, 2014.

Attorney(s) appearing for the Case

Ixmation, Inc., Plaintiff, represented by Gene K. Moskowitz , Gene Moskowitz and Associates, Limited.

Switch Bulb Company, Inc., Defendant, represented by William Scott Helfand , Chamberlain Hrdlicka White Williams & Martin & Steven A. Levy , Goldberg Kohn Ltd..

VantagePoint Cleantech Partners II, L.P., Intervenor, represented by Andrew C Boldt , Katten Muchin Rosenman, LLP.

VantagePoint Venture Partners 2006 (Q), L.P., Intervenor, represented by Andrew C Boldt , Katten Muchin Rosenman, LLP.

MEMORANDUM OPINION AND ORDER

JOHN Z. LEE, District Judge.

Plaintiff Ixmation, Inc., ("Ixmation") and Defendant Switch Bulb Company, Inc. ("Switch") entered into an agreement whereby Ixmation agreed to manufacture a custom automated system for Switch. To secure payment, Switch obtained a Letter of Credit, which had an expiration date of October 1, 2014, from Wells Fargo Bank, N.A., issued for Ixmation's benefit. However, before Ixmation...

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