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Ford (NYSE:F) said on Sunday it will appeal a $1.7B verdict against it involving a pickup truck crash that killed a Georgia couple.
Jurors in Gwinnett County, Georgia, returned the verdict late last week in the civil case involving what the plaintiffs’ lawyers said were dangerously defective roofs on Ford (F) pickup trucks, including the 2002 Ford F-250 truck the couple were driving in the fatal crash.
Lawyers for the plaintiffs – the couple’s two children – had submitted evidence of nearly 80 similar rollover wrecks that involved truck roofs being crushed that injured or killed motorists, the Butler Prather law firm told the AP news agency.
The allegation that Ford (F) was irresponsible and willfully made decisions that put customers at risk is “simply not the case,” a defense lawyer said in the closing argument.
Ford (F) “has an exceptional brand and exciting new offerings in the hybrid and EV space, which should lead it to resume revenue growth after a long period of stagnation,” Jordan Sauer writes in a bullish analysis posted recently on Seeking Alpha.
Image and article originally from seekingalpha.com. Read the original article here.