PORTEOUS, District Judge.
This cause came for hearing on November 25, 1998 upon the motion of the defendant, Panaco, Inc. (hereinafter, "Panaco") for summary judgment as to all claims asserted against it. Oral argument was waived and the matter was taken under submission on the briefs.
The Court, having studied the memoranda submitted by the parties is fully advised in the premises and ready to rule.
ORDER AND REASONS
I.
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