Cargill Hits Keystone With $26M Contract Suit Over Coal

Law360, Los Angeles (March 18, 2014, 8:26 PM EDT) -- Food and agricultural supplier Cargill Inc. hit Keystone Industries LLC with a breach of contract suit in Florida federal court on Tuesday, saying the company owes Cargill more than $26 million after certain Keystone creditors seized coal purchased by Cargill and defaulted on an agreement.

According to the suit, Keystone breached a 2010 master coal purchase and sale agreement and caused Cargill to exercise its right to terminate the agreement and demand damages for obligations due until the contract’s termination date. However, both Keystone and co-defendant...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Cargill, Incorporated v. Keystone Industries, L.L.C. et al


Case Number

3:14-cv-00299

Court

Florida Middle

Nature of Suit

Contract: Other

Judge

Harvey E. Schlesinger

Date Filed

March 18, 2014

Law Firms

Companies

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.