Goodyear, Sears Settle $19.5M Co-Branded Tire Deal Dispute

Law360, New York (October 6, 2015, 4:20 PM EDT) -- An Ohio federal judge on Tuesday dismissed Goodyear’s $19.5 million suit accusing Sears of backing out of an agreement to sell co-branded tires, saying he had received a notice that the parties had settled the dispute.

Goodyear had accused Sears of violating a purchasing agreement when Sears told the tire maker it would be ending the business relationship. (Credit: AP) U.S. District Judge John R. Adams issued the brief order just days after Goodyear Tire & Rubber Co. submitted a dismissal entry asking the court to sign off on its settlement with Sears Roebuck & Co.

“It appearing to the court...

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