ArmorWorks Files Complaint in U.S. District Court Against Ceramic Protection Corporation, Ceramic Protection Corporation of America, and Certain Individuals.TEMPE, Ariz. -- ArmorWorks, a leading provider of advanced armor products, today announced the filing of a Complaint on the 11th of September 2006 in the United States District Court for the District of Arizona The United States District Court for the District of Arizona is the Federal district court whose jurisdiction is the state of Arizona. The United States Attorney's Office for the District of Arizona represents the United States in civil and criminal litigation in this court. against Ceramic Protection Corporation, Ceramic Protection Corporation of America, and certain individuals. The Complaint alleges and seeks recovery of damages for breach of contract, breach of the implied covenant of good faith and fair dealing implied covenant of good faith and fair dealing n. a general assumption of the law of contracts, that people will act in good faith and deal fairly without breaking their word, using shifty means to avoid obligations, or denying what the other party obviously , breach of warranty Ask a Lawyer Question Country: United States of America State: Michigan Probably contract law; I live in Michigan; I ordered a used transition from a company in TX. This part is used; I know it's a crap shoot as to how good it is. , fraud, tortious interference with contract, tortious interference with business expectancy, misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of trade secrets and violation of the Lanham Act and unfair competition. ArmorWorks alleges damages of not less than $60,000,000 dollars. ArmorWorks also alleges that it is entitled to an award of punitive damages in an amount not less than five times the actual damages. ArmorWorks has demanded a jury trial. The Complaint contends that Ceramic Protection Corporation is a Canadian corporation with its head office in Calgary, Alberta, Canada. Its stock trades on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX) under the stock symbol CEP CEP congenital erythropoietic porphyria. CEP abbr. congenital erythropoietic porphyria . The Complaint asserts that Ceramic Protection Corporation of America, formerly known as ALANX Wear Solutions, Inc., is a Delaware Corporation. About ArmorWorks ArmorWorks, founded in 1996, provides cutting-edge armor technology and products to military and enforcement agencies worldwide. ArmorWorks designs and produces advanced armor using high-tech ceramics and proprietary composite materials to provide state-of-the-art ballistic protection. For more information, visit www.armorworks.com. 
I had a note due to a lender. The collateral is Oil and Gas production and mineral leases with Proven reserves. Two weeks before the note was due a deal fell thru to pay off the note. I had another party step in to pay out the lender but needed six months to structure the deal ( $4.7 M) In the mean time the lease on a major portion of the collateral was going to expire. The new lender offered to put up the Money to renew the leases if the lender would extend the note for six months until he raised the money to pay the note. The note holder would never give the new lender an answer and the leases expired along with a majority of the collateral. My question is. Do I have a claim against the note holder for failure to negotiate in good faith and fair dealing. The proven reserves we lost was 3 times the amount of the note.<br><br>Thank You<br>M. Cox<br>wmcox@mac.com |
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