(DALLAS) JANUARY 29, 2018
Electronic Transaction Consultants Corporation (ETC) announced today the company obtained a favorable ruling from the Eleventh Judicial Circuit Court of Florida in its lawsuit against the Miami-Dade County Expressway Authority (MDX).
“Our intention when filing the original lawsuit against MDX more than five years ago was to recover payment for work and services provided under the terms of our contract,” said Keith Rayborn, president and chief executive officer of ETC. “Today’s ruling validates that action. We are very pleased with today’s ruling and sincerely appreciate our team members and customers for their continued support as we pursue our collective mission to provide innovative toll and intelligent transportation solutions and services.”
The ruling in the case of Electronic Transaction Consultants Corp. v. Miami-Dade County Expressway Authority finds that the system delivered by ETC to MDX was in material compliance with the contract, ETC was not in default of its contractual obligations and states that MDX materially breached the contract with ETC. The Court also denied MDX’s counter claims. In its ruling, the Court awarded ETC the principal amount of forty-three million dollars ($43,000,000.00) plus its costs and reasonable attorneys’ fees.
“We have said throughout this litigation that ETC was asking to be paid for work it performed,” said ETC counsel, Mike Piscitelli, of Vezina Lawrence & Piscitelli PA. “The company spent $55 million to collect over $400 million for MDX while only being paid $5 million. This ruling corrects that injustice.”
ABOUT ELECTRONIC TRANSACTION CONSULTANTS
ETC is a leading systems and services provider for the tolling and transportation industries. The Company’s nearly two decades of delivering technically sophisticated solutions has supported many of the country’s largest toll authorities and helped transform the industry with first-of-its-kind advancements. ETC’s solutions collect more than $1 billion in toll transactions every year. Founded upon collaborative principles that place the customer’s interests first, ETC is committed to the progress of the transportation industry with solutions that meet the rapidly changing needs of the 21st century.
ETC’s enterprise-wide solutions provide the full range of functionality required to support intelligent transportation solutions, all-electronic toll collection, dynamic pricing, interoperability, audit and reconciliation, and reporting. Its lane-to-back office integrated solutions are supported by an impressive array of operations and maintenance services. ETC’s solutions can be delivered at the modular level or as an integrated, enterprise-wide solution and as a customer-delivered model, through a hosted environment at ETC’s state-of-the-art technology and operations centers or through a cloud-based solution. For additional information, please see www.etcc.com.