US Bank Loses Dismissal of $450 Million Dollar Escrow Lawsuit

KANSAS CITY, MO -- Medical Supply Chain founder Samuel Lipari's lawsuit for $450 million dollars allegedly lost in an Escrow contract with US Bank and US Bancorp was ordered returned to US District Court for the District of Kansas where it had been originally filed on October 22, 2002. US Bancorp and Ernst & Young LLP have omitted this liability on Securities and Exchange Commission filings. 

The lawsuit is Lipari v U.S. Bancorp, et al, Western District of Missouri Case # 06-1012-CV-W-FJG.United States District Judge Hon. Fernando J. Gaitan, Jr. ordered the lawsuit returned to US District Court for the District of Kansas on April 4, 2007 because of the plaintiff Samuel Lipari's related Medical Supply Chain litigation in that jurisdiction against Novation LLC. KS Dist. Court Case # 05-2299. Judge Hon. Fernando J. Gaitan, Jr. did not grant the US Bancorp defendants' motion to dismiss.

The lawsuit defendants US Bancorp and US Bank NA are represented by Mark A. Olthoff of Shughart Thomson & Kilroy, P.C. 1700 Twelve Wyandotte Plaza 120 W 12th Street Kansas City, Missouri 64105-1929 

Samuel Lipari is the founder of Medical Supply Chain and is currently launching a consumer oriented discount medical supply business based in Lee's Summit, Missouri: http://MedicalSupplyLine.com Mr. Lipari was forced to represent himself in the lawsuit. About Medical Supply Chain: Medical Supply Chain (MSC) is a worldwide provider of web-based supply chain collaboration solutions with an electronic marketplace serving health care communities and their trading partners. 

Medical Supply Chain was founded in May of 2000 with a mission to deliver enabling supply chain technology in health care. To learn more visit: http://www.MedicalSupplyChain.com/news.htm.