Legal Opinion

MHC Investment Co. v. Racom Corp.

Court of Appeals for the Eighth Circuit

Decided March 17, 2003No. 02-3162PublishedCited by 24 opinions

1Opinion of the Court

BRIGHT, Circuit Judge.

MHC Investment Company (MHC), a subsidiary of MidAmerican Energy, invested $10 million in Racom Corporation (Racom), a seher and servicer of two-way radio equipment and systems. MHC filed suit against Racom alleging breach of contract. Racom hired the law firm of Shut-tleworth & Ingersoll (Shuttleworth). Ra-com responded by pleading affirmative defenses of fraudulent inducement, lack of authority on the part of Racom’s Board of Directors (Board) to enter the agreement, and lack of consideration. Racom also filed counterclaims against MHC for fraud, slander per se, breach…

2Cases cited8 opinions

  1. Cooter & Gell v. Hartmarx Corp.Supreme Court of the United States · 1990
  2. Aronson v. LewisSupreme Court of Delaware · 1984
  3. Kirk Capital Corp. v. BaileyCourt of Appeals for the Eighth Circuit · 1994
  4. Vollmer v. Publishers Clearing House and Campus SubscriptionsCourt of Appeals for the Seventh Circuit · 2001
  5. Federal Land Bank of Omaha v. WoodsSupreme Court of Iowa · 1992

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3Cited by24 opinions

  1. Steven Lauth v. Covance, Inc.Court of Appeals for the Seventh Circuit · 2017
  2. Adams v. USAA Casualty Insurance Co.Court of Appeals for the Eighth Circuit · 2017
  3. In re Engle CasesDistrict Court, M.D. Florida · 2017
  4. Young v. SmithDistrict Court, M.D. Pennsylvania · 2017
  5. Ideal Instruments, Inc. v. Rivard Instruments, Inc.District Court, N.D. Iowa · 2007

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