Investor News

 

"We believe the decision made Friday by a state court judge in Ohio is highly flawed, and we are appealing. 

 

"The evidence we presented at trial showed clearly that the former Competitive Price Assistance program – which was a common practice formerly used by companies selling in the extremely competitive medium- and heavy-truck market – resulted in thousands of additional sales benefitting our customers and dealers, and it did not violate our agreement with dealers. 

 

"We believe among the most egregious errors was the decision to apply alleged damages from this one case to each and every dealer in the class without allowing any evidence of how other dealers might have been affected. 

 

"The decision is far outside the bounds of normal legal process, and we are confident that the Ohio appellate courts will reach the same conclusion upon review of the matter, which will take several years based on normal timing."