The Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., says his firm KSF* has commenced an investigation into Ford Motor Company. His company is the latest creature to emerge in the vast “sue auto companies” swamp. They are also “investigating” the Officers and Directors of Pioneer Natural Resources Company – PXD – over the output of oil wells in Texas. (Whoops! Now Ford Motor Has Emissions Problems)
Beginning in January 2018*, several consumer class action lawsuits were filed against Ford on numerous grounds, including fraud and racketeering, based on alleged misrepresentations it made regarding the emissions standards of certain Ford vehicles including 2011-2017 F250 and F350 Super Duty trucks when promoting and marketing them.
Allegedly the Ford pickups with the help of Robert Bosch employed “defeat devices” to turn down emissions controls to give Ford the ability to obtain and market higher power and fuel efficiency ratings from its engines while still passing emissions certifications tests. Ford Motor company did not respond to requests for comment.
A Federal court presiding over the consolidated cases (numerous lawsuits piled onto the original and were consolidated) has now denied the Ford’s motion to dismiss the action, allowing the case to move forward.
KSF’s investigation (more piling on exploring how it can make money on this at the expense of FMC stockholders?) is about whether Ford’s officers and/or directors breached their fiduciary duties to Ford’s shareholders or otherwise violated state or federal laws. If you inhabit this swamp or wish to get into the fetid waters, KSF is trolling for people to assist them.
*KSF is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on “behalf of shareholders.” The firm has offices in New York, California and Louisiana.
** The January lawsuit alleges Ford’s diesel trucks produce NOx emissions in excess of 30-50 times the required legal standards.