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.”