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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.