RICHFIELD, OHIO—A former executive of BFGoodrich Co. has lost a 20-year struggle seeking damages against BFG and Geon Co.
Robert T. Holtz was seeking $30 million in damages, claiming BFG technical advice caused Vinylclad, a Wheaton, Ill., vinyl siding extrusion firm he founded, to go bankrupt in 1977. In his lawsuit he alleged fraudulent concealment, industrial sabotage, intentional negligence and fraud, and damage to his professional career. He was seeking damages from Richfield-based BFG and its vinyl spinoff, Geon.
Holtz said the last blow came in late January, when an 18th Circuit County Court in Wheaton, Ill., issued a summary judgment on the career interference claim. The judge deemed Holtz could have discovered key evidence in his case in 1976 and, therefore, his recent suit was well past the five-year statute of limitations for the right to sue.
Holtz claimed BFG technicians gave Vinylclad improper advice on how to feed vinyl cubes into twin-screw extruders, which led to quality problems and ultimately cash problems a year after Holtz founded the firm.
Holtz was with BFG for nearly 20 years and reportedly helped to develop its rigid vinyl business.