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Fri May 4, 2012, 05:48 PM

Ohio court reverses $2 billion judgment against Ford

Source: Reuters

(Reuters) - The Ohio Court of Appeals reversed a $2 billion judgment against Ford Motor Co this week and ordered a new trial for a group of dealers who said the No. 2 U.S. automaker overcharged them for commercial trucks over an 11-year period.

In its Thursday ruling, the appeals court said the contract at the heart of the dealers' class-action suit was "ambiguous." It also said evidence submitted by Ford was wrongly excluded.

"We hold that the trial court abused its discretion in excluding Ford's mitigating evidence at the damages trial," the court said in its ruling.

Ford disclosed the reversal in a quarterly filing with the U.S. Securities and Exchange Commission on Friday.

Read more: http://www.reuters.com/article/2012/05/04/us-ford-lawsuit-idUSBRE8431LF20120504

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Reply Ohio court reverses $2 billion judgment against Ford (Original post)
steve2470 May 2012 OP
AnotherMcIntosh May 2012 #1

Response to steve2470 (Original post)

Fri May 4, 2012, 08:11 PM

1. A reversal of judgement for $2 billion against Ford? And this is news?

 

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