June 15, 2024

Ford

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Ford (NYSE:F) will ask for a brand new trial following ultimate month’s $1.7B jury verdict in opposition to the corporate in a lawsuit involving a truck rollover coincidence that killed two other people, The Wall Boulevard Magazine reported Monday.

Ford (F) mentioned in new courtroom filings {that a} state pass judgement on in 2018 successfully barred it from offering proof protecting itself in opposition to the plaintiffs’ claims that the truck’s roof design was once faulty, in keeping with the record.

The corporate additionally reportedly argued it was once now not in a position to sufficiently display at trial different components that can have contributed to the fatalities, together with its competition that the occupants weren’t correctly dressed in their seat belts.

In step with the WSJ record, the plaintiffs’ attorneys argued at trial that the roofs put in at the 1999-2016 Tremendous-Responsibility vans contained a faulty design and have been dangerously vulnerable, and that Ford (F) allegedly knew of the hazards they posed.

The plaintiffs’ lawyers additionally reportedly mentioned in a pretrial order that Ford (F) has recognized 162 court cases involving roof-crush incidents in the ones particular model-year vans.

Ford (F) traders will have to be expecting extra drawback following ultimate week’s selloff based on a caution about upper and surprising prices in Q3, On The Pulse writes in a bearish research newly revealed on In search of Alpha.