A simmering dispute between Cirrus Design Corp. and a former supplier has taken an unusual turn with Cirrus now accusing the other company of spreading false rumors about its financial health, according to a story in the Minneapolis Star-Tribune.
The story notes:
“In a suit filed Thursday in federal court in Minneapolis, the Duluth-based aircraft maker claims L-3 Communications Avionics Systems Inc. has falsely told other suppliers that Cirrus is heading toward bankruptcy. The suit says L-3 also encouraged them to end their supply relationships with the aircraft company.”
Read the full report here.
