In a lawsuit that can’t seem to go away, Ford Motor Company faces a new (third) trial on claims of violation of commercial truck dealers’ pricing contracts from as far back as 1987. The settlement on the line is a whopping $2 billion, but Ford managed to win the latest trial in September 2013.
So, why the third trial? Judge Peter Corrigan of Ohio decided jurors became confused when they denied Ford dealers’ claims the automaker breached sales and service agreements by deciding not to publish prices for their medium and heavy trucks. The date has yet to be determined.
In the first trial in 2011, Corrigan awarded $2 billion, including about $1.2 billion in interest, to about 3,000 different dealers, only to be overturned by a state appeals court. We’ll look for updates on the trail as they come.
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