FEDERAL DEPOSIT INS. CORP. v. SHINNICK

Civ. Nos. 4-85-684 to 4-85-686.

635 F.Supp. 983 (1986)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff, v. Lawrence E. SHINNICK, Defendant. FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff, v. MICRO-INFORMATION PUBLISHING, INC., Lawrence E. Shinnick, and Gerald R. Van Diver, Defendants. FEDERAL DEPOSIT INSURANCE CORPORATION, in its corporate capacity, Plaintiff, v. SOFTWARE STRATEGIES, INC., Lawrence E. Shinnick, and Gerald R. Van Diver, Defendants, and Gerald R. VAN DIVER, Third-Party Plaintiff, v. MIDWEST FRONTIER VENTURES, INC., a Minnesota corporation; Green Valley Publishing, Inc., a Minnesota corporation; Sharedata, Inc., a Minnesota corporation; Charles Newman; and John Zentz, Third-Party Defendants.

United States District Court, D. Minnesota, Fourth Division.

February 6, 1986.


Attorney(s) appearing for the Case

Dina L. Biblin, U.S. Dept. of Justice, Washington, D.C., and Brian E. Palmer, Dorsey & Whitney, Minneapolis, Minn., for Federal Deposit Ins. Corp.

James W. Reuter, Barna, Guzy, Merrill, Hynes & Giancola, Minneapolis, Minn., for Lawrence E. Shinnick.

William Sandry, Eden Prairie, Minn., appeared for Software Strategies, Inc.

Mark Hodkinson, Bassford, Heckt, Lockhart & Mullin, Minneapolis, Minn., for Gerald R. Van Diver, but did not participate in the proceedings.

Steven J. Vodonik, Minneapolis, Minn., for Micro-Information Pub., Inc., but did not participate in the proceedings.

David Allgeyer, Lindquist & Vennum, Minneapolis, Minn., for third-party defendants, but did not participate in the proceedings.


MEMORANDUM OPINION AND ORDER

DIANA E. MURPHY, District Judge.

Plaintiff Federal Deposit Insurance Corporation (FDIC) brought four related actions,1 each alleging that one or more of defendants Gerald R. Van Diver, Lawrence E. Shinnick, Micro-Information Publishing, Inc. (MIP) and Software Strategies, Inc. (SSI) had defaulted on certain notes and other obligations acquired by the FDIC after the failure of the First National Bank...

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