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PETROLEUM ENHANCER, LLC v. WOODWARD

Case Nos. 07-12425, 09-10247

PETROLEUM ENHANCER, LLC, A Michigan Limited Liability Company, Plaintiff/Counter-Defendant, Honorable Thomas L. Ludington v. LESTER R. WOODWARD, Defendant, and POLAR MOLECULAR CORP., Intervenor-Plaintiff, POLAR MOLECULAR HOLDING CORP., Interpleader-Plaintiff/Third-Party Counter-Plaintiff v. AFFILIATED INVESTMENTS, LLC, BARBARA SOCIA as Personal Representative of the Estate of Richard J. Socia, Deceased, CARL HILL, BRUCE BECKER, A. RICHARD NELSON, Third-Party Defendants. In re: POLAR MOLECULAR CORP. POLAR MOLECULAR CORP., Plaintiff, v. PETROLEUM ENHANCER, LLC., Defendant.

United States District Court, E.D. Michigan, Northern Division.

February 22, 2013.

OPINION AND ORDER GRANTING INDIVIDUAL DEFENDANTS' MOTION FOR SUMMARY JUDGMENT

THOMAS L. LUDINGTON, District Judge.

Polar Molecular Corporation (PMC) is a wholly owned subsidiary of Interpleader-Plaintiff Polar Molecular Holding Corporation (Polar Holding). At all times relevant to this case, PMC was engaged in the petroleum-additive business. In 2006, PMC was in default on a loan for which it had pledged allegedly valuable intellectual property as collateral...

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