General Dynamics Sues Orbital Over Purchase Pact

Law360, New York (August 26, 2010, 2:46 PM EDT) -- General Dynamics Corp. has launched a suit seeking to enjoin Orbital Sciences Corp. from initiating mediation to resolve its challenge to a $6.5 million increase in the initial purchase price for certain General Dynamics assets at an Arizona satellite facility.

General Dynamics claims that the parties' contractual agreement to submit certain accounting disputes to an independent accounting firm extends only to adjustments to working capital and not to the breach of duty claims Orbital asserts in the present dispute, according to a complaint General Dynamics attorneys...
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