Futura Coatings.July 1 was the culmination of a three-week jury trial ending nearly two years of costly litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. for Futura Coatings. In August of 1991, Futura Coatings brought suit against MFlex for an unpaid bill of some $30,000 due on a urethane urethane (yoor´ithān´), n ethyl carbamate used as an anesthetic agent for laboratory animals, formerly used as a hypnotic in humans. binder which was utilized for a resilient granulated gran·u·late v. gran·u·lat·ed, gran·u·lat·ing, gran·u·lates v.tr. 1. To form into grains or granules. 2. To make rough and grainy. v.intr. rubber composite. The Austin, TX based MFlex countersued, alleging the materials did not perform as described and MFlex claimed $20 million in damages under the Texas Deceptive Trade Practices Act. The results were as follows: Futura was awarded the total $30,000 that was unpaid; Futura was awarded attorney's fees; Futura's material was not found defective; Futura was found not guilty of any deceptive trade practices; MFlex was ordered to pay all court costs court costs n. fees for expenses that the courts pass on to attorneys, who then pass them on to their clients or, in some kinds of cases, to the losing party. incurred. |
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