QUINCY, Ill. (June 4, 2003)—A shareholders´ lawsuit, brought against Titan International Inc. by three former union employees, was dismissed with prejudice May 30.
The dismissal “with prejudice” means the plaintiffs can't again file a lawsuit on the same claim, a Titan spokeswoman said.
A federal racketeering suit brought by Titan against the United Steelworkers of America Local 164 members is still ongoing, Quincy-based Titan said. Nothing in the dismissed shareholders lawsuit may be construed as evidence of a concession on its part in the racketeering lawsuit, the company added, and the three former union members remain defendants in that litigation.
The shareholders´ lawsuit—aimed at Titan and CEO and President Maurice Taylor, Jr.—had originally sought more than $400 million in damages. The three workers had been on strike at the time of the filing, June 20, 2000.
Among other terms of the dismissal, the parties are responsible for their own legal costs, and the law firm representing the three workers agreed to not represent plaintiffs against Titan or a member of its board in the future.