Ford to hunt new trial after $1.7B jury verdict in truck rollover case – WSJ (NYSE:F)

Ford (NYSE:F) will ask for a brand new trial following final month’s $1.7B jury verdict towards the corporate in a lawsuit involving a truck rollover accident that killed two folks, The Wall Avenue Journal reported Monday.

Ford (F) stated in new courtroom filings {that a} state decide in 2018 successfully barred it from offering proof defending itself towards the plaintiffs’ claims that the truck’s roof design was faulty, based on the report.

The corporate additionally reportedly argued it was not in a position to sufficiently present at trial different elements that would have contributed to the fatalities, together with its competition that the occupants weren’t correctly sporting their seat belts.

In response to the WSJ report, the plaintiffs’ attorneys argued at trial that the roofs put in on the 1999-2016 Tremendous-Obligation vehicles contained a faulty design and have been dangerously weak, and that Ford (F) allegedly knew of the dangers they posed.

The plaintiffs’ attorneys additionally reportedly stated in a pretrial order that Ford (F) has recognized 162 lawsuits involving roof-crush incidents in these particular model-year vehicles.

Ford (F) traders ought to anticipate extra draw back following final week’s selloff in response to a warning about larger and sudden prices in Q3, On The Pulse writes in a bearish evaluation newly revealed on Looking for Alpha.