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Futura Coatings.

July 1 was the culmination of a three-week jury trial ending nearly two years of costly 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 binder which was utilized for a resilient granulated 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 incurred.
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Title Annotation:Corporate, Financial News
Publication:Rubber World
Article Type:Brief Article
Date:Sep 1, 1993
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