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Antitrust Case * USA - Eaton Corp. might have to pay billions of dollars in damages after losing one
Cleveland,OH,USA -Cleveland.com/The Plain Dealer, by Robert Schoenberger -October 19, 2009: -- Eaton Corp. has monopolized the market for commercial truck transmissions, a Delaware jury found last week, and the company could face paying billions of dollars in damages to a competitor... A subsidiary of auto parts supplier ArvinMeritor claims it could have made $800 million selling automatic transmissions for commercial big rig trucks. But when it started gaining share at the start of this decade, Eaton responded by locking all of the major truck builders into long-term, exclusive contracts that effectively locked Meritor's products out, the company says... The verdict for Meritor came in U.S. District Court in Wilmington. Now there will be a second trial to determine damages. If Meritor's $800 million claim stands, federal rules will triple that, costing Eaton $2.4 billion...Labels: lawsuits
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