(DOWNLOAD) "Leona E. Hansen v. St. Paul City Railway" by Supreme Court of Minnesota ~ eBook PDF Kindle ePub Free
eBook details
- Title: Leona E. Hansen v. St. Paul City Railway
- Author : Supreme Court of Minnesota
- Release Date : January 16, 1950
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
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 obligation. The district court agreed and granted summary judgment for Angeion. Because we conclude that the sale and license of patents constitutes an asset transfer within the meaning of the indenture, we hold that U.S. Bank has raised genuine issues of material fact on its claim for breach of the indenture and that summary judgment was premature. We reverse and remand for further discovery. But because U.S. Bank has not demonstrated that it lacks an adequate legal remedy or that it will suffer irreparable harm, we affirm the district courts order denying U.S. Banks temporary injunctive relief.