LCM Sued by BAX

Tuesday, September 16, 2003
Lion Contract Management (LCM), LLC, operators of a web-based ocean contract management system that allows customers an affordable solution to manage, search and quote contract rates within the Ocean Transportation industry, has been sued by BAX Global (Parent company: The Pittson Company/Brinks). The lawsuit, filed by BAX Global, states that LCM has misappropriated property that belongs to BAX. LCM representatives state they have sufficient evidence to prove in a court of law that they have not misappropriated any property as alleged by BAX and feel that BAX Global’s efforts are just a continuance of moves made by them to fund their struggling company and dilute competitors. Some LCM board members were previously employed by BAX Global and are named in the lawsuit. BAX Global, Irvine, Calif., is a US $1.9 billion supply chain management and transportation solutions company offering mode-neutral logistics management for business-to-business shippers through a global network of over 500 offices in 123 countries. Recently, BAX Global’s parent company, The Pittson Company/Brinks, has undergone a name change, lost key, high-level employees to resignation and seen their stock market value plummet. The company has filed complaints against other industry companies in addition to its aforementioned lawsuit against LCM. Despite the pending lawsuit, LCM continues to provide state-of-the-art solutions for their growing client base. “In spite of BAX Global’s attempt to interfere with our operation, we continue to experience company-wide growth,” said Robyn Hudson, President of LCM. “Our focus is finding solutions for our customers. Recently, we introduced a unique product that auto-populates large RFQs at the touch of a button, saving consumers time and money. Our products and services have been met with industry-wide acceptance. With ocean rate levels dropping, transportation companies are seeking solutions to help reduce costs and increase revenues. Our streamlined services offer this solution to logistics companies of all sizes.”
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

‘Maritime Spectrum’ of CMMI a Big Draw

For The Company of Master Mariners of India, the conference “Maritime Spectrum” that comes at the turn of each year has become a brand in itself, and each one

Panama Flag Approval for Seagull

Seagull Maritime has become the first overseas company to secure training centre approval from the Panama Maritime Authority following the PMA’s 2014 change of leadership.

Sino-Global to Acquire Tanker

Sino-Global Shipping America, Ltd. a shipping agency, logistics and ship management services company, today announced that it has entered into a Memorandum of Understanding (the "MOU"),

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2005 sec (5 req/sec)