ArmorWorks Sues Goldman Over Contract Dispute

Law360, New York (February 17, 2011, 2:11 PM EST) -- ArmorWorks Enterprises LLC has accused its one-time financial adviser Goldman Sachs & Co. of violating an agreement by underhandedly attempting to buy the major military supplier at a bargain.

Chandler, Ariz.-based ArmorWorks launched the suit Tuesday in the U.S. District Court for the District of Arizona, claiming Goldman's conduct constituted gross negligence and a bad faith, material breach of a contract that the two companies entered into in 2004.

ArmorWorks — a major supplier of body and aircraft armor to the U.S. Army, Air Force and...
To view the full article, register now.