February 3, 2023

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Ford to seek new trial after $1.7B jury verdict in truck rollover case – WSJ (NYSE:F)

Ford

Ford

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Ford (NYSE:F) will request for a new trial adhering to past month’s $1.7B jury verdict from the business in a lawsuit involving a truck rollover incident that killed two men and women, The Wall Street Journal noted Monday.

Ford (F) stated in new court docket filings that a point out choose in 2018 effectively barred it from delivering proof defending by itself from the plaintiffs’ promises that the truck’s roof structure was defective, according to the report.

The organization also reportedly argued it was not equipped to adequately present at trial other components that could have contributed to the fatalities, which includes its competition that the occupants ended up not correctly carrying their seat belts.

According to the WSJ report, the plaintiffs’ lawyers argued at demo that the roofs set up on the 1999-2016 Super-Duty vans contained a faulty structure and have been dangerously weak, and that Ford (F) allegedly realized of the hazards they posed.

The plaintiffs’ lawyers also reportedly reported in a pretrial order that Ford (F) has determined 162 lawsuits involving roof-crush incidents in all those distinct product-yr vehicles.

Ford (F) investors really should assume more downside pursuing past week’s selloff in response to a warning about greater and unforeseen fees in Q3, On The Pulse writes in a bearish assessment recently posted on Trying to find Alpha.