The Ikea corporation has filed suit against Convoy as well as a raft of carriers and freight factoring companies in an effort to figure out who to pay in the aftermath of the digital freight brokerage's $3.8 billion dollar collapse in October 2023.
The interpleader case, filed in the U.S. District Court for Northern Illinois, lists Ikea as plaintiff. Convoy and 58 other named parties are the defendants, including Hercules Capital (who loaned Convoy money), Convoy's subcontracted carriers and associated factoring companies.
[Related: Convoy's collapse: Was the tech worth the hype?]
The lawsuit seeks court guidance on who among those parties should get paid of an amount that totals $519,254.44.
The suit was filed in early January, but just last week Convoy's tech platform relaunched under new management at Flexport, known for freight forwarding and brokerage services. Flexport bought Convoy's tech assets after the company ceased operations in 2023. Convoy has not declared bankruptcy.
In announcing the relaunch, Flexport CEO Ryan Petersen heralded nearly 200 loads dispatched on the platform, but didn't respond to questions surrounding the dozens, at least, of carriers that got stiffed the last time Convoy dispatched loads.
