Stock Falls After $1.7 Billion Verdict in Fatal F-20 Truck Rollover
Jurors in Georgia on Friday handed down the award, largest in state history, to family of couple killed in a 2014 crash
View Source | August 22, 2022 4:19 pm
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- Shares were down as much as 5.9% in midmorning trading and closed down 5.07%.
- Family of couple killed in rollover blamed the roof strength of their 2002 pickup truck. The roof collapsed after the rollover.
- Because truck was 20 years old, investors likely not drawing implications about operating, quality issues in vehicles made today; Impact on the stock looks to be mostly financial.
- Ford announced Monday it plans to appeal the verdict, saying: “While our sympathies go out to the … family, we don’t believe the verdict is supported by the evidence, and we plan to appeal.”
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