Ford set to face third trial in 12-year deal lawsuit

|About: Ford Motor Company (F)|By:, SA News Editor

Ford (F) may have to go trial for a third time in a 12-year lawsuit in which dealers have accused the company of breaching an agreement to publish prices for medium and heavy trucks, forcing them to pay more from 1987-1998.

In the first trial in 2011, Judge Peter Corrigan told Ford to pay $2B to a class of about 3,000 dealers, but a state appeals court overturned the ruling. Ford won the second trial in September, but Corrigan believes that the jury in that hearing was confused and has ordered a third trial.

Ford intends to appeal that latest ruling and have the second jury's verdict reinstated.