BrickBoard Archives
The files contained in this listing have been automatically archived from the active forums. Because the vast majority of posts are now in one place, this archive is considered legacy. You should use the SEARCH feature OR choose your topic and select date tabs within the forum you choose.
$100 million lawsuit[ALL/1998] posted by SBA on
Tuesday, 1 April 1997, at 9:42 a.m.
Are any of you aware that there is a NJ company that is suing Volvo for over $100 million for an alleged fraud? The company is alleging that a Volvo subsidiary manufactured recycling machines with a design defect which caused them to catch fire; also, the NJ company was never informed of this defect and previous fires and, after becoming a dealer of this equipment and spending millions of dollars in marketing efforts, Volvo sold the assets of the subsidiary and left the NJ company holding the bag. The US media has already written about this story. Ex-employees have already testified against Volvo in depositions and this case is building rapidly. Volvo has already settled with one of this NJ company's customers who also sued.
The NJ company is demanding PUNITIVE DAMAGES which is unlimited.
If you have any questions or comments, e-mail me.
Re: $100 million lawsuit[ALL/1998] posted by Jim Nugent on
Tuesday, 1 April 1997, at 3:34 p.m.
It is PRECISELY this sort of nonsense that makes America an increasingly difficult place in which to do business. I am a lawyer, but I utterly fail to see how this sort of bullsh** can do anyone any good!!!!
Dear Mr. SBA: Take this crap you're peddling somewhere else! We're NOT interested!!!!!!!!!