Ford Wins Reversal Of $2B Judgment Over Truck Prices

Law360, New York (May 4, 2012, 6:46 PM EDT) -- An Ohio appeals court on Thursday reversed a $2 billion judgment levied against Ford Motor Co. for allegedly concealing wholesale price discounts from a class of dealers, ruling that the trial court abused its discretion by excluding evidence from the automaker.

A class of more than 3,000 franchisees in June won an award of $780 million plus $1.2 billion prejudgment interest after the court found Ford breached a contract from 1987 through 1997 by setting different discounts on wholesale prices for certain dealers, depending on how...
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