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ESG Holdings LLC v. Lear Corporation
Case Number:
1:16-cv-00743
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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August 14, 2017
Lear Gets $60M Escrow Fund Suit Tossed
A Delaware federal judge on Monday dismissed a suit over nearly $60 million placed in escrow for environmental liabilities during the sale of a car upholstery company, saying that the contract was unambiguous and the buyer, Lear Corp., has fulfilled all the criteria to keep it there as the U.S. Environmental Protection Agency works on a remediation project.
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February 22, 2017
Lear Tells Del. Judge It Isn't Blocking $60M Escrow Fund
Auto parts company Lear Corp. urged a Delaware federal judge Wednesday to throw out a lawsuit from ESG Holdings LLC, which claims Lear is holding up the $60 million environmental escrow fund from its purchase of a car seat maker from ESG in 2014, arguing ESG is misreading the deal.
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October 19, 2016
Car Seat Co.'s Ex-Owner Slams Claim To $60M Enviro Fund
A company that sold a leather car seat manufacturer to auto parts supplier Lear Corp. urged a Delaware federal judge on Tuesday not to toss its lawsuit seeking to block Lear's claim to a $59.5 million environmental escrow fund, saying the company failed to meet its contractual obligations.
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October 05, 2016
Auto Parts Supplier Says $60M Enviro Fund Suit Is Flawed
Auto parts supplier Lear Corp. asked a Delaware federal judge on Tuesday to toss a lawsuit over the company's claim to a $59.5 million environmental escrow fund established when it purchased a car seat business, saying the case is based on a "gotcha argument."
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August 23, 2016
Parts Supplier Tried To Loot $60M Enviro Fund, Suit Says
A Wisconsin family who sold their leather-car-seat business to Lear Corp. is now suing the auto parts supplier in Delaware federal court to void an allegedly bad faith claim on a $59.5 million environmental escrow fund set up during the acquisition.