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U.S. Bancorp Equipment Finance, Inc. v. Ameriquest Holdings LLC

2004 WL 2801601 (Minn. 2004)

tl;dr: Plaintiff and Defendant were in a lease agreement for airplanes. After 9/11, the airline industry tanked, and Defendant went bankrupt, did not renew its lease, and returned damaged planes to Plaintiff.

IRACIssue, Rule, Analysis, Conclusion

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Facts & Holding

Facts:Plaintiff U.S. Bancorp sold aircraft to Defendants Ameriquest Holdings and...

Holding:Summary judgment granted. Changes in the market after 9/11 are...

U.S. Bancorp Equipment Finance, Inc. v. Ameriquest Holdings LLC

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