Chicago Business Litigation Lawyer Blog
The New York Times reports that Ford truck dealers won a $2 billion class action judgment against Ford for failing to honor its dealership contracts to provide the same pricing for medium and heavy size trucks to all dealers.
The article states:
The ruling, by Judge Peter J. Corrigan, of the Cuyahoga County Common Pleas Court in Cleveland, said that Ford made the dealers pay a total of $800 million more than they should have for nearly 475,000 medium- and heavy-duty trucks, including tractor-trailers and bulldozers.
The damages include $1.2 billion in interest and were calculated based on the formula that was used by a jury in February to award $4.5 million to the lead plaintiff in the lawsuit, Westgate Ford in Youngstown, Ohio.
Judge Corrigan upheld the February ruling and added $6.7 million in interest to the jury’s award. “Ford’s breach of its obligation to sell Westgate trucks only at prices published to any dealer,” Judge Corrigan wrote in his ruling, shifted “any surplus in profit from Westgate to Ford.”
You can read the full article by clicking here.
Lubin Austermuehle based in Chicago and Oak Brook, Illinois has a team of attorneys who focus on consumer and dealership rights class action and individual lawsuits and who have successfully handled many such disputes. Our Chicago consumer rights and business litigation lawyers are familiar with the issues that arise during large-scale litigation, and we know the laws that govern consumer and dealership rights cases well. Lubin Austermuehle is based in Chicago, and represents many clients who have been the victim of fraud or misrepresentation. If you believe that your consumer rights have been violated, contact one of our Wheaton consumer rights and business litigation attorneys by phone at 1 630-333-0333, or through our online form.