Law360, New York (February 14, 2011, 8:20 PM ET) -- A federal jury has rejected Gencor Industries Inc.’s claim that Ingersoll-Rand Co. Ltd. owes tens of millions of dollars in contract damages over the $72 million sale of its processing equipment unit in 1996.
The jury verdict, entered Friday in the U.S. District Court for the Southern District of New York, represented a sweeping win for Ingersoll-Rand against allegations it caused Gencor to lose vast sums when it sold a foundering animal feed joint venture, which had belonged to the processing equipment unit, to a state-owned...
Jury Snuffs Gencor Suit Over $72M Ingersoll Deal
To view the full article, take a free trial now.
