VW Doesn’t Have to Face $750 Million U.S. Suit by Supplier
- Judge finds case against carmaker should be heard in Germany
- Bosnian parts supplier claims Volkswagen tried to squash it
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Volkswagen AG doesn’t have to face a $750 million U.S. lawsuit by a unit of parts supplier Prevent Group that alleged the carmaker sought to strangle its business over a pricing dispute.
U.S. District Judge Bernard Friedman on Monday threw out a 2019 antitrust suit filed by Prevent USA Corp. accusing VW -- then the world’s largest carmaker -- of launching a corporate dirty-tricks campaign to interfere with its acquisitions, cut it off as a supplier and make an example of the Bosnia-based firm.