Legal Opinion
Impulse Trading, Inc. v. Norwest Bank Minnesota, N.A.
District Court, D. Minnesota
Decided November 14, 1995No. Civ. 4-93-252PublishedCited by 6 opinions
1Opinion of the Court
FINDINGS OF FACT
SPENCER WILLIAMS, District Judge *
1. Plaintiff Impulse Trading, Inc. (“Impulse”) is a Minnesota corporation that engages in trade with companies in the former Soviet Union. Marc Stipakov is the president, sole shareholder and only employee of Impulse.
2. Impulse does its banking with Defendant Norwest Bank Minnesota, N.A. (“Nor-west”).
3. In January 1991, Stipakov traveled to Russia to arrange a sale of computer equipment to Ilka, a Russian corporation. Because Russian rubles are not readily convertible into Western “hard” currencies such as the dollar or pound, the parties…
2Cases cited8 opinions
- Klein v. First Edina National BankSupreme Court of Minnesota · 1972
- Hapka v. Paquin FarmsSupreme Court of Minnesota · 1990
- Superwood Corp. v. Siempelkamp Corp.Supreme Court of Minnesota · 1981
- Donmar Enterprises, Incorporated v. Southern National Bank of North Carolina, and Southern International CorporationCourt of Appeals for the Fourth Circuit · 1995
- Hurley v. TCF Banking & Savings, F.A.Court of Appeals of Minnesota · 1987
3 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Zengen, Inc. v. Comerica BankCalifornia Supreme Court · 2007
- Halla v. Norwest Bank Minnesota, N.A.Court of Appeals of Minnesota · 1999
- Hedged Investment Partners, L.P. v. Norwest Bank Minnesota, N.A.Court of Appeals of Minnesota · 1998
- Moody National Bank v. Texas City Development Ltd., Texas Court of Appeals, 1st District (Houston)2001
- Receivers of Sabena SA v. Deutsche Bank A.G.Appellate Division of the Supreme Court of the State of New York · 2016
1 more not listed; retrieve them via the Exa API.