LS Mtron v. Escorts, Ltd. The plaintiff-tractor manufacturer has alleged that an Indian parent company and its now-insolvent U.S. subsidiary created and submitted false orders for plaintiff’s tractors so they could obtain financing. Plaintiff alleges the lender knew the orders were fabricated but went along with the scheme because it benefited the lender as well. Finally, plaintiff alleges that it was injured because it continued to send additional equipment to the subsidiary and is now unable to recover the money it is owed by the subsidiary as a result of the alleged conspiratorial actions of the parent company, the subsidiary, and the lender. Plaintiff’s allegations state a claim for civil conspiracy.
Tagged with: Civil Conspiracy Civil Practice standing Tort/Negligence
Read More »