Tate and Lyle wins US court case
Food ingredients group Tate and Lyle has won a court case in the United States against equipment supplier Whitefox Technologies.
Food ingredients group Tate and Lyle has won a court case in the United States against equipment supplier Whitefox Technologies.
The dispute related to equipment and technology supplied by Whitefox, under an agreement entered into in June 2006, for use in Tate & Lyle's ethanol production facilities at Loudon, Tennessee and Fort Dodge, Iowa.
Tate & Lyle successfully argued the equipment was not "fit for purpose".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In announcing the decision today, the company did not make clear what the financial implications of the legal win might be.
BS
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Cash hoarders take total UK savings to £2 trillion – why aren’t we investing?
Investment-shy Brits are hoarding huge amounts of cash in their savings accounts. We look at the case for saving versus investing.
By Katie Williams Published
-
The MoneyWeek Christmas Charity Appeal: who are we supporting and how to donate
This year MoneyWeek is supporting YoungMinds, tackling mental health for children and young people. Here’s why we are partnering with YoungMinds and how you can help.
By Kalpana Fitzpatrick Published