A judge has ordered Ford Motor to start discussing settlement of a lawsuit filed on behalf of employees who had company stock as a retirement investment. The suit claims Ford failed to inform participants of a "myriad of systemic, internal and marketplace problems ... which threatened the viability of the company," affecting the stock value. From April 2000 to April 2006, the stock fell approximately 70 percent. A similar lawsuit involving GM employees and company stock settled this year for $37.5 million.
Worker Lawsuit Over Ford Stock to Go Forward
The Associated Press
December 29, 2008