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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Master Fined After Wind Farm Collision

The master of a wind farm support vessel has today been made to pay £3,000 in fines and costs after pleading guilty to breaches of maritime collision regulations.

Polar Code Afoot

The IMO is on the verge of adopting the Polar Code, something that is important and long overdue. The International Maritime Organization (IMO), a specialized agency of the United Nations,

Halliburton to Settle US Gulf Spill Claims for $1.1b

Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair 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: 0.1663 sec (6 req/sec)