Sage v. Intergraphics, Inc.

Boardtech, Inc., prior to its insolvency, was a Washington corporation engaged in the manufacture of electronic devices, and S. M. Sage is the duly appointed receiver for Boardtech, Inc. Intergraphics, Inc., a Washington corporation and creditor of Boardtech, engages in a related business, offering dimensionally precise graphic products and services to a variety of industries. Inter-graphics, Inc., is a closely held corporation operated by Tom Paur, its primary stockholder and president.

Commencing in the spring of 1974, Paur as president of Intergraphics, Inc., contemplated a transaction…