Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Aligning with ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
May 27, 2002 02:00 AM

Michelin, Bandag agree to settle retreading suit

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    After three years of legal wrangling, Bandag Inc., Michelin North America Inc. and its subsidiary Michelin Retread Technologies Inc. have settled their mutual lawsuits in the retreading arena.

    As a result, all parties have been dismissed from the litigation, Michelin and Bandag said, and the parties have agreed to dismiss all financial claims against each other.

    The agreement brings to a close the trial in the U.S. District Court in Des Moines that began May 13. Neither Bandag nor Michelin would comment on the settlement, citing confidentiality agreements.

    The case began in 1999 when Bandag filed a lawsuit against Michelin alleging that it tried to eliminate Bandag as a competitor in the retreading market. Michelin countersued, claiming Bandag holds a monopoly on the retreading industry. Greenville, S.C.-based Michelin also named Bridgestone/Firestone in the suit, alleging BFS and Bandag conspired to prevent retreaders from adopting Michelin's retreading system by offering financial incentives.

    The allegations against Bridgestone/Firestone also have been dismissed from the case, according to Christine Karbowiak, BFS vice president of public affairs. She said BFS hasn't seen the settlement agreement and couldn't provide any details.

    Bandag had been seeking at least $8.75 million in damages against Michelin plus punitive damages, according to the Muscatine, Iowa-based retread supplier's 10-K report.

    Michelin, meanwhile, sought $146.1 million in damages against Bandag and Bridgestone/Firestone plus treble damages, the report stated.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Goodyear adds two sizes to Workhorse lineup
    2
    Bridgestone to raise prices on consumer tires July 1
    3
    R2R law not needed in Canada, say auto makers, dealers
    4
    Tatneft selling Russian tire business to holding company
    5
    Hankook opens largest tire testing facility in Asia
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright Ā© 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Aligning with ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION