Legal Opinion
Robert Burull and Jeanne Burull v. First National Bank of Minneapolis
Court of Appeals for the First Circuit
Decided April 27, 1987No. 86-5333PublishedCited by 5 opinions
1Opinion of the Court
ARNOLD, Circuit Judge.
This case from the District of Minnesota 1 arises out of the demise of United States Satellite Services, Inc. (USSS), a company founded by the plaintiffs, Robert and Jeanne Burull. In May 1983, the Burulls sold 50 per cent, of USSS’s voting stock to Barbara Adams for $175,000. That same month, USSS entered into a Credit Agreement with defendant First National Bank of Minneapolis (the Bank), which contemplated loans to USSS of up to a total of $475,000, the precise amount lent to be in the Bank’s discretion. Security for the financing included, in addition to USSS’s…
2Cases cited2 opinions
- Geneva Carter and John W. Carter v. Gary Jacobsen Charles Quaethem Thomas Klekamp David BarronCourt of Appeals for the Eighth Circuit · 1984
- McDonough Marine Service, Inc. v. The M/V Royal StreetCourt of Appeals for the Fifth Circuit · 1979
3Cited by5 opinions
- Robert Droste Claudia Droste v. Douglas JulienCourt of Appeals for the Eighth Circuit · 2007
- John B. Meroney v. Delta International MacHinery CorporationCourt of Appeals for the Eighth Circuit · 1994
- Robert and Jeanne Burull v. First National Bank of Minneapolis, a National Banking Association, and Arthur Young & Company, a Delaware Corporation, Barbara and Stephen Adams v. Robert and Jeanne Burull. Barbara and Stephen Adams v. First National Bank of MinneapolisCourt of Appeals for the First Circuit · 1987
- Burull v. First National BankCourt of Appeals for the Eighth Circuit · 1987
- Robert Droste v. Douglas JulianCourt of Appeals for the Eighth Circuit · 2007