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How does this sound: Precision Carbide Tool Company (PCT) filed a complaint against Industrial Carbide Cutter Company (ICCC), alleging breach of contract and account stated.
How does this sound: Precision Carbide Tool Company (PCT) filed a complaint against Industrial Carbide Cutter Company (ICCC), alleging breach of contract and account stated. The events in question occurred in Oakland County, Michigan, and PCT and ICCC are both Michigan corporations. ICCC counter-claimed, asserting tortious interference with a contract or advantageous business relationship, breach of fiduciary duty, conspiracy, and concert of action. The case involves a dispute between Precision Carbide Tool Company (PCT) and Industrial Carbide Cutter Company (ICCC), both Michigan corporations. ICCC has filed a counter-complaint against PCT, alleging tortious interference with a contract or advantageous business relationship, as well as breach of fiduciary duty, conspiracy, and concert of action. ICCC and PCT have had a longstanding business relationship in the supply chain for 20 years. ICCC developed modern carbide cutter technology used in truck transmissions and became a major supplier to Dana Corporation and Chrysler LLC. While ICCC manufactured the carbide cutter bodies, it outsourced the production of carbide blades to PCT. ICCC regularly shared confidential information with PCT, including customer names, contracts, sales trends, and pricing. However, ICCC noticed a decline in business segments for six months prior to the departure of its employee, Randy Washington, who was the primary contact for PCT. After Randy's abrupt departure, those same business segments slo
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