Bad Paint Ruined $40M USAF Job, Container Co. Says

Law360, New York (February 13, 2013, 8:34 PM EST) -- Shipping container manufacturer Sea Box Inc. on Tuesday accused paint maker The Valspar Corp. of sabotaging Sea Box’s $40 million contract with the U.S. Air Force and breaching a contract by hiding the fact that it sold defective paint used to coat more than 5,000 containers.  

According to Sea Box’s complaint, Valspar had provided oil-based paint to Sea Box prior to 2008, when Sea Box got an opportunity to bid on the contract for coated containers. For the Air Force contract, though, Valspar introduced a...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

SEA BOX INC. v. THE VALSPAR CORPORATION


Case Number

1:13-cv-00853

Court

New Jersey

Nature of Suit

Other Fraud

Judge

Renee Marie Bumb

Date Filed

February 12, 2013

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.