Ford agrees to settle SUV rollover class-action suit
By Our Corporate Bureau | 30 Nov 2007
1
Ford has agreed to settle class-action litigation covering plaintiffs in four states who claimed its Explorer sport utility vehicles (SUVs) were prone to rollovers. A preliminary approval hearing was scheduled for Monday 2 December, but a settlement was reached on Wednesday. Ford declined to estimate the cost of the settlement.
The settlement applies to about 1 million people in California, Connecticut, Illinois and Texas. It will allow vehicle owners to apply for $500 vouchers to buy new Explorers, or $300 vouchers to buy other Ford or Lincoln Mercury products.
The settlements apply to Explorers from model years 1991 till 2001. Kevin Roddy, a New Jersey attorney and co-counsel for the SUV owners, brought the lawsuit.
.jpg "RBI keeps repo rate unchanged as focus remains on inflation")
.jpg "Indian Oil, Panasonic team up for lithium-ion cell production in India")
