Ford to Appeal Judge’s $2 Billion Award to Truck Dealers
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Ford Motor Co. said it will appeal a $2 billion judgment awarded by an Ohio judge to a class of commercial truck dealers who claimed the company overcharged them for 11 years.
The dealers sued Ford in 2002, claiming the company broke an agreement to sell trucks at published prices, which forced them to pay more from 1987 through 1998 and cut into profits. Cuyahoga County Judge Peter J. Corrigan on June 10 upheld a $4.5 million verdict awarded to one Ohio dealer in February by a Cleveland jury. He also said Ford had to pay similar damages and interest to a class of about 3,000 other dealers.