Photo courtesy of IronPlanet Inc. IronPlanet argued that under the terms of the sale, it was due a 25% cancellation fee. Related Links: Equipment Dealers Jump Into the Auction Market Ten Minutes With Michael Kneeland, CEO of United Rentals Ritchie Bros. Auctioneers vows to appeal a trial jury's nearly $3-million judgment against the company for undermining online rival IronPlanet Inc.On Feb. 4, a Jackson County, Iowa, jury ordered Ritchie Bros. to pay $2,857,539, including $1.5 million in punitive damages, for breach of contract and intentional interference."We are disappointed with the jury's verdict," says Ritchie Bros. CEO Peter Blake. "We are
The 2016 Summer Olympics boating and swimming events have put an international spotlight on what has been a long-running problem in Rio de Janeiro—untreated sewage and trash are clogging up major bays and waterways.