WSJ: $F Shares Tumble After $1.7 Billion Verdict

WSJ headline: Ford Stock Tumbles After $1.7 Billion Verdict in Fatal Rollover Case

Sub-headline: Ford faces punitive damages over F-250 pickup-truck crash that left two people dead; auto maker says jury verdict isn’t supported by evidence

A jury in Georgia on Friday reached the verdict after a three-week trial, determining punitive damages should be imposed on Ford for selling 5.2 million Super Duty trucks that the plaintiffs’ lawyers argued had dangerously weak roofs vulnerable to collapsing in a rollover crash.

The lawsuit, brought by the children of the victims who died in the crash, centered on a 2014 accident in which a couple driving a 2002 Ford F-250 truck were killed when the right front tire blew out and the pickup rolled over. The victims, Melvin and Voncile Hill, were crushed inside the truck, according to court records.

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I would expect that award to be reduced… but I wonder if Ford will get hit by a class action suit regarding this. If that happens, it’ll be extremely painful for the company.

Former RB and BL Home Fool, Supernova Portfolio Contributor & Maintenance Fool
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