Pittsburgh, Pennsylvania -- Bayer MaterialScience says the allegations made against it in a Pinellas County, Florida, lawsuit filed 15 Feb are without merit and that, "we will vigorously defend [the company] against them."
In the lawsuit, Florida roofing consultant Servcor International is suing the Bayer AG subsidiary for more than $50 million, alleging that a Bayer executive breached agreements, and botched a substantial airport contract
Servcor alleges that Bayer breached its partnership agreement with Servcor when it shut Servcor out of the airport roofing contract.
It also alleges that Bayer further violated its fiduciary duties to Servcor following a significant ethical breach by a Bayer executive who leaked confidential information to a roofing contractor customer and Servcor competitor. The suit alleges that the national sales manager disclosed the information while intoxicated at a business dinner.
"We brought a significant contract to Bayer, only to have it taken from us following the inexplicable, drunken actions of a Bayer executive," said David Looney, president of Servcor International. "The breach of duty and conspiratorial acts of the defendants harmed our company's present and future sales as well as damaged the ultimate consumer."