Ford ordered to pay dealerships 2 billion USD in Ohio class action

According the to the New York Times, Financial Times, and Cleveland Plain Dealer, an Ohio judge ruled against Ford Motor Company (NYSE: F) in a class action lawsuit brought by its dealerships.  The dealerships, led by Cleveland attorney James Lowe, alleged that Ford overcharged them for heavy-duty trucks between 1987 and 1997.  The judge ruled that "Ford breached the unambiguous terms of the contract, read as a whole, when it failed to publish prices to all dealers."  Damages amounted to $2 billion, $1.2 billion of which was interest. Originally filed in 2002, the suit affected 3,000 dealerships.