Verdict Returned in 2016 SandBox Claim, Judgment Phase Next
HOUSTON--(BUSINESS WIRE)--Jul 9, 2018--A Harris County (Texas) Court has returned a positive damage verdict in Sandbox Logistics’ 2016 dispute against Arrows Up alleging breach of a 2014 mutual NDA.
“We believe in fair competition and are disappointed by the jury finding, but the process remains incomplete and we remain confident that our position will prevail,” said John Allegretti, founder and CEO of Arrows Up. “The complexities of this case stretch beyond the jury’s charge and must be addressed in the trial judgment phase. This case is all about enforceability and open competition. SandBox is attempting to stretch the boundaries of contract enforceability purely to stifle competition.”
The jury’s preliminary damage award is focused on the alleged party’s agreements and several judicial rulings remain. “While the jury found for plaintiff on the contracts as written, we maintain that the contracts as written cannot be used to impede current or future Arrows Up business operations,” said Kevin Shuba, CEO of OmniTRAX, the managing affiliate of Arrows Up.
About Arrows Up, LLC.
Arrows Up, LLC. began following a company’s request to create better products to serve the bulk storage and transportation industry. The management and operations teams of Arrows Up have over 65 years of combined experience in the packaging and logistics industry. Our mission is to create innovative, efficient and safer solutions for the bulk storage and transportation industries. This will be accomplished by research, customer involvement and continued experimentation with materials, design and assemble concepts. More information is available at http://www.arrowsupllc.com/.
About OmniTRAX, Inc.
As one of North America’s largest private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.
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CONTACT: RAM Communications
Ronald Margulis, +1 908-337-0020
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY COAL OIL/GAS TRANSPORT OTHER TRANSPORT MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT PACKAGING NATURAL RESOURCES MINING/MINERALS OTHER NATURAL RESOURCES
SOURCE: OmniTRAX Inc.
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PUB: 07/09/2018 12:20 PM/DISC: 07/09/2018 12:20 PM