Titanium distributor files Rico suit
Aug 12, 2014 | 10:01 AM
| Frank Haflich
LOS ANGELES Lawrence Holdings Inc. (LHI), parent company of a nationwide chain of titanium, nickel alloy and high-temperature alloy distributors, has accused a supplier of enterprise resource planning (ERP) software of fraud and violating the Racketeer Influenced and Corrupt Organizations (Rico) Act.
Wallingford, Conn.-based LHI alleges that eight defendants participated in a scheme to sell it ERP software "despite knowing that they did not have such a product and having no intention of obtaining one," documents filed in U.S. District Court in Florida said.....
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