UK Court Consolidates Suits Over $550M Visteon Pensions

Law360, New York (February 01, 2013, 5:28 PM ET) -- A U.K. judge has agreed to consolidate about 1,400 lawsuits accusing Ford Motor Co. of misleading its employees about approximately $550 million in pension obligations before transferring them to Visteon UK, a representative for the plaintiffs said Friday.

Simon Harding, a representative for the Visteon Pension Action Group, said a U.K. High Court judge had agreed to consolidate the suits in a group litigation.

The decision was made in December but made public Thursday after U.K. parliament members announced they might seek a select committee inquiry...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers