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MHC INVESTMENT CO. v. RACOM CORP.

No. 4-01-CV-90708.

254 F.Supp.2d 1090 (2003)

MHC INVESTMENT COMPANY, Plaintiff, v. RACOM CORPORATION Defendant, v. Ronald W. Stepien, Dennis H. Melstad, and David Sokol Third-party Defendants.

United States District Court, S.D. Iowa, Central Division.

June 19, 2002.

Attorney(s) appearing for the Case

Mark McCormick, Des Moines, IA, for plaintiff and third-party defendant.

Kevin H. Collins, Nancy J. Pinner, Cedar Rapids, IA, for defendant.

MEMORANDUM OPINION AND ORDER

PRATT, District Judge.

Plaintiff, MHC Investment Company ("MHC"), filed this action for judgment on a series of agreements between itself and Defendant Racom Corporation ("Racom"). Racom has pled affirmative defenses of fraudulent inducement, lack of authority on the part of Racom's board of directors to enter the agreement, and lack of consideration. Racom has also brought counterclaims against MHC and the individual third-party...

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