I don't know what any of that means, but it sounds pretty bad.At the root of the filing is what BBM says was the failure by Dick’s to hold up their end of a contract for the ammo distributor to supply the retailer with Field & Stream-branded ammo for resale in their stores. The delay by the big box sporting goods outlet, argues the filing, resulted in BBM losing out on a multi-million dollar contract to supply helicopters to an overseas U.S. ally.
The 11-page lawsuit filed Tuesday in a Pennsylvania federal court details that the two companies entered into an agreement in January 2016 to supply ammo packaged with Dick’s trademarked Field & Stream packaging. Acting on the contract, BBM paid two ammo manufacturers — Bosnian-based Igman and Hungarian-based RUAG — a total of $4.5 million for the product and made the munitions available to Dick’s by November of the same year, a delivery timeline stipulated by the contract. However, BBM says Dick’s then left them holding the bag for almost a year, refusing to pay them or take delivery of the ammo.
The house-branded ammo, which could not be repacked and sold to another retailer due to the Field & Stream headstamp on the cartridges, was eventually accepted by Dick’s but the intervening storage, at BBM’s expense, cost the ammo distributor $200,000. Further, since BBM’s cash was tied up in the stalled deal, they could not fill a contract with Lebanon for a batch of Bell helicopters, losing out on an additional $5 million, which they are seeking to recoup from Dick’s.
Dick's being sued by ammo supplier
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Dick's being sued by ammo supplier
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"Avarice, ambition, revenge and licentiousness would break the strongest cords of our Constitution, as a whale goes through a net. Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other." John Adams to Mass Militia 10-11-1798
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Re: Dick's being sued by ammo supplier
Gee, that's too bad. I hope BBM wins the suit.
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Re: Dick's being sued by ammo supplier
Don't be surprised if the SEC (Securities Exchange Commission) comes into it. The suit alleges that Dicks refused delivery so that it would have not have the ammo on its inventory, manipulating its books to appear more attractive to investors. Sitting on inventory looks bad to investors and is a fraud on investors.
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Grant me the serenity to accept the things I cannot change,
the courage to change the things I can
and the Wisdom to know the difference.
Carrying a gun is a right, not a crime.
Gun control is racist.
Grant me the serenity to accept the things I cannot change,
the courage to change the things I can
and the Wisdom to know the difference.
Carrying a gun is a right, not a crime.
Gun control is racist.
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Re: Dick's being sued by ammo supplier
Not only that but avoiding inventory tax's on a order you should of received,...that could be illegal as well.catfish86 wrote:Don't be surprised if the SEC (Securities Exchange Commission) comes into it. The suit alleges that Dicks refused delivery so that it would have not have the ammo on its inventory, manipulating its books to appear more attractive to investors. Sitting on inventory looks bad to investors and is a fraud on investors.
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