CHICAGO JIT Steel Service
Inc. has filed a breach-of-contract lawsuit against Spig
Industry LLC, a manufacturer of guardrails and other finished
steel products, alleging that Spig failed to pay more than
$122,000 in outstanding invoices.
Bristol, Va.-based Spig, a
manufacturer of guardrails and other finished steel products,
ordered steel from distributor JIT on multiple occasions in
2011, according to the complaint filed in U.S. District Court
in Illinois. Elk Grove Village, Ill.-based JIT shipped the
products and provided Spig with at least eight separate
invoices totaling $122,089, but hadnt been paid as of
April 15, according to court documents.
Last November, JIT and Spig
signed a promissory note in order to start monthly payments for
the outstanding amounts due, but Spig failed to make any
payments to JIT on that note, the lawsuit alleged.
JIT alleges that Spig has
breached its promissory note and has caused injury as a result,
and has asked the court to grant judgment in its favor and
against Spig for the amount owed.
A co-owner of Spig didnt
return a call seeking comment.