CC didn't charge for PCBs they haven't delivered, that's true.
The production is not that expensive though.
It's the parts - and they had been paid upfront by Craig. With 1000 non-working PCBs, that's about 200.000 USD, so a huge loss.
someone should sue that CEO specifically, no doubt he could afford $200K settlement
in other news, people with no manufacturing experience should get more help if they want to manufacture something
For what? They had no written contracts between them. So they had no real consequences for damaging that many boards and certainly no basis to start a lawsuit. They could easily argue there were no timelines and Craig's constant delays with stock is what caused the damage to the boards. If Craig didn't bullshit them and delivered the stock when he said he was going to none of these problems would have happened.
Sure the CC ceo didn't do the right thing either but all of this falls back on Craig. Craig didn't make any sort of contract with delivery schedules. Craig constantly lied to the CC people about getting the stock and probably threw out of whack production runs they were planning on doing. Craig didn't follow anything up.
To sum it up Craig royally f*cked everything up.