Sfc Valve Corp. v. Wright MacHine Corp.

ORDER

K. MICHAEL MOORE, District Judge:

This case causes the Court to revisit Florida’s evolving economic loss rule.

I. Factual Background

Sfc Valve Corporation (“Sfc”) is a government contractor that supplies the United States Navy with high-pressure, high-temperature valves for use in submarines. Sfc got into the valve business in May 1986, when it purchased the assets of the bankrupt Southern Fluid Controls Corporation, Inc. (“Southern”). One of these assets was a valve supply contract between Southern and the Navy. Sfc, Southern and the Navy agreed to a novation whereby Sfc was substituted…