Thursday, June 28, 2007

Oregon state appeals Freightliner fraud settlement

(Reuters) - In December, the court ordered Portland-based Freightliner
to pay MAN at least $488 million and, with DaimlerChrysler, an
additional $350 million in punitive damages -- an amount
believed to be the largest such award ever in Oregon.




But the parties struck a new deal in late May that excluded
punitive damages, and Judge Kathleen Dailey approved that deal
on June 7.


Read more at Reuters.com Bonds News

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