Navistar settles breach of contract claims with Ford Motor Company
Clients Navistar International Corporation
Jones Day represented Navistar International Corporation in a breach of contract case filed by Ford Motor Company, where Ford sought over $1 billion in damages. Navistar filed substantial breach of contract counterclaims. After two years of litigation, the parties entered into a confidential settlement agreement. In a joint press release, the parties stated that as part of the settlement, Ford made a cash payment to Navistar, and Navistar also acquired additional equity in certain joint ventures between the companies.
Ford Motor Company v. Navistar International, et al., C.A. No. 07-0800067-CK (Mich. Cir. Ct.)