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.
December 29, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A judge has ordered Ford Motor Co. to start discussing settlement of a lawsuit filed on behalf of employees who had company stock as a retirement investment.
In a key ruling last week, U.S. District Judge Stephen Murphy allowed the 2006 lawsuit to go forward over Ford’s objections.
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