IPSCO Tubulars, Inc. v. Ajax TOCCO Magnathermic Corp.
Court of Appeals for the Eighth Circuit
1Opinion of the Court
BENTON, Circuit Judge.
IPSCO Tubulars, Inc. contracted for Ajax TOCCO Magnathermic Corp. to provide equipment to heat-treat steel pipe. IPSCO sued for breach of contract, gross negligence, and punitive damages. The district court found Ajax liable for breach of contract, awarding $5,162,298.55 in damages to IPSCO. Ajax appeals. IPSCO cross-appeals the dismissal of its gross negligence and punitive damages claims. Having jurisdiction under 28 U.S.C. § 1291, this court reverses and remands the breach-of-contract damages, and affirms in all other respects.
I
IPSCO produces heat-treated steel pipe…
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