Rose Corrosion and Techtools settle scam case out of court
SANTA FE SPRINGS, Calif. --In an out-of-court settlement with Rohrback Cosasco Systems (COSASCO), Rose Corrosion Services Limited, Newbury, Berkshire, U.K., and Techtools (Morden) Limited, Sutton, Surrey, U.K., have admitted misrepresenting to oil and gas customers that equipment they supplied was manufactured by COSASCO. They have also accepted that the misrepresentations were calculated to lead and have in fact led to deception on the part of the public that products supplied by Rose were products manufactured or supplied by COSASCO.
Under the terms of the settlement, which was reached on the eve of adjudication in court, Rose and Techtools have paid COSASCO an unspecified sum of money as monetary compensation, and will in future desist from passing off their products as original COSASCO products. The dispute arose after Rose, through Techtools, supplied sham corrosion monitoring products purported to be of genuine COSASCO manufacture to a Middle Eastern oil and gas operator.
COSASCO issued the following additional statement:
"We've known for some time that unscrupulous companies have on occasion passed off fake goods as COSASCO products, but we've been unable to catch them red-handed. This is an important victory not only for us and our reputation, but also for our customers who rely on the unmatched quality of COSASCO to gain safe access to their high pressure oil and gas systems."
Established sixty years ago, Rohrback Cosasco Systems is an industry-leading supplier of corrosion monitoring and chemical injection systems.