Caterpillar Sheds 2 Engine Defect Suits With Settlement

Law360, New York (February 3, 2012, 3:02 PM EST) -- Caterpillar Inc. on Thursday settled two suits brought by eight Oklahoma-based companies claiming the equipment maker violated contracts by selling defective tractor-trailor engines that caused lost profits and downtime expenses.

The suits were based in different Oklahoma federal courts. U.S. District Judge Steven P. Shreder dismissed a suit brought by Daryl Thomason Trucking Inc. and two other companies in the Eastern District of Oklahoma in March, while U.S. District Judge Stephen P. Friot terminated a suit brought by Mid-Con Carriers and four others in the Western...
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