B. F. Goodrich Co. v. A. T. I. Caribe, Inc.

OPINION

CALEB M. WRIGHT, Senior District Judge.

In June, 1972, plaintiffs B. F. Goodrich Company (hereinafter referred to as BFG) and Cabo Rojo Manufacturing Corporation (hereinafter referred to as CRM), its wholly-owned subsidiary, negotiated a sale to defendant A.T.I. Caribe (hereinafter referred to as ATI) of the assets of a canvas footwear plant at Cabo Rojo, Puerto Rico. The complaint consists of four causes of action arising out of the agreement of sale. 1 In the first cause of action, plaintiff CRM alleges a default by ATI of payment for work in progress and inventory at the Cabo Rojo…