Steves and Sons Ordered to Post $1 Million BondApril 22nd, 2020 by Drew Vass
A judge ruled Monday that door maker Steves and Sons Inc. (Steves) post bond in the amount of $1 million, finding the amount sufficient to cover costs and damages sustained by Jeld-Wen, should the company be found wrongfully enjoined in a case. The decision follows a recent Order of Preliminary Injunction issued by Senior U.S. District Judge Robert E. Payne against Jeld-Wen, requiring the company to undo allocations of doorskins to Steves.
The suit, filed by Steves February 14, 2020, alleges that Jeld-Wen persisted in anticompetitive practices even after being found guilty of such actions in a prior ruling. Jeld-Wen has since motioned to dismiss counts one and two in that case, pertaining to antitrust and tortious interference claims, alleging that the latest legal battle between the two companies “is a breach of contract case and nothing more.”
Steves filed an opposition to motion against Jeld-Wen’s recent argument Monday, maintaining that a shortage of doorskins brought on by scheduled rationing has forced the company to turn away new and existing customers. Officials say Steves, “can no longer fill all of their orders for finished doors,” alleging that, “Jeld-Wen has taken advantage of Steves’ presently weakened state to take some of Steves’ customers for itself.”
Steves’ is asking the court to deny Jeld-Wen’s motion to dismiss.
The case is set for trial in early June.