MHC Investment Co. v. Racom Corp.

MEMORANDUM OPINION AND ORDER

PRATT, District Judge.

Plaintiff, MHC Investment Company (“MHC”), filed this action for judgment on a series of agreements between itself and Defendant Racom Corporation (“Racom”). Ra-com has pled affirmative defenses of fraudulent inducement, lack of authority on the part of Racom’s board of directors to enter the agreement, and lack of consideration. Racom has also brought counterclaims against MHC and the individual third-party defendants for fraud, civil RICO, slander per se, and breach of fiduciary duty. Plaintiff MHC moved for summary judgment on its original…