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EQUITEC INSTITUTIONAL REAL ESTATE FUND v. BIOTRAK

Civ. No. 4-89-597.

729 F.Supp. 67 (1990)

EQUITEC INSTITUTIONAL REAL ESTATE FUND III, Plaintiff, v. BIOTRAK, INC., Elk River Capital Company, Inc., Biotrak Systems, Inc., PLP Associates, a Minnesota general partnership, Bruce Hoyt, Steven Hoyt, and Bradley Hoyt, Defendants.

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

January 16, 1990.

Attorney(s) appearing for the Case

Eugene M. Warlich, Marc J. Manderscheid, and Doherty, Rumble & Butler, St. Paul, Minn., for plaintiff.

Robert J. Tansey, Jr., Alfred H. Edwall, Kevin D. Conneely, and Robins, Kaplan, Miller & Ciresi, Minneapolis, Minn., for defendants.

ORDER

DOTY, District Judge.

This matter is before the court on the cross-motions for summary judgment of plaintiff Equitee Institutional Real Estate Fund III ("Equitec") and defendants PLP Associates ("PLP"), Bruce Hoyt, Steven Hoyt, and Bradley Hoyt.

FACTS

The dispute underlying these motions for summary judgment arose in conjunction with the sale of an office/warehouse building known as Palmer Lake Plaza. Defendant PLP is a Minnesota...

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