Universal Express Inc. (New York, NY) has filed a $160 million suit against Coach Industries Group (CIGI), its subsidiary, Corporate Development Services (CDS),  and others for fraud and breach of contract.

The suit seeks immediate damages for the illegal sale of Corporate Development Services to CIGI in fraudulent and intentional violation of Universal Express� contractual right of first refusal to purchase that business, then known as Subcontracting Concepts, Inc. (SCI).

 �This lawsuit and violation of our contract were the direct result of greed and opportunity,� charges Richard Altomare, CEO and chairman of Universal Express, Inc. �Universal Express has steadfastly maintained over the past twenty-three years that malfeasance will always be met with legal action from this company.  We have a zero tolerance for those who attempt to profit by disregarding the integrity and hard work of our organization.�

Rob Slack, an SCI partner, objected to the post stating: �The posting of the press release from USXP �announcing� they were suing SCI for $160M is not new news to us.  We heard about it several weeks ago.  We have already instructed our attorneys to file for immediate dismissal as this is a frivolous law suit with no merit whatsoever.

�One of the problems of living in the greatest country in the world,� continues Slack, �is that our constitution allows for anyone to sue anyone at any time.  It is unfortunate when people abuse their rights in an attempt to raise money by suing in hopes of a settlement.

�There will be no settlement in this case and there will be a counter suit to cover our legal expenses. If you do any research on USXP you will see that they have a penchant for suing people.  I assure you, this case will be disposed of in quick fashion,� concludes Slack.

Universal Express�s Altomare, however, is determined to pursue the legal action.

�To date, Universal Express has demonstrated its willingness to exercise its legal rights whenever wrongdoing occurs,� Altomare notes.  �The character of a company is often defined by what shenanigans it will not tolerate.  We remain confident of the outcome of a suit when the facts and evidence are presented to the court.�

For more information on the suit, visit the Universal Express website. 

Summons: www.usxp.com/cigisummons.pdf
Complaint: www.usxp.com/cigicomplaint.pdf
Exhibits:    www.usxp.com/exhibits.pdf