$82M Verdict Against Ford Revived by Appeals Court in Trade Secrets Case
F sits 48% above its 52-week low of $9.88.
Summary
An appeals court reinstated an $82.2 million verdict against Ford in a trade secrets and breach of contract lawsuit. This reverses a lower court's decision that had overturned the original $104.6 million jury award. While a significant sum, the financial impact is modest relative to Ford's market capitalization. The case will return to a lower court to determine damages for the trade-secret theft portion.
At the time of this announcement, F was trading at $14.60 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $58.2B. The 52-week trading range was $9.88 to $14.94. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.