NASHVILLE, Tenn. (Oct. 26, 2004) — Bridgestone/Firestone (BFS) said it will defend itself vigorously against the allegations of a group of shareholders who claim the tire maker deliberately withheld information about defects in Firestone ATX, ATX II and Wilderness AT tires.
A Nashville federal court dismissed the shareholders' lawsuit but the Sixth Circuit Court of Appeals in Cincinnati overturned most of that decision on procedural grounds.
“It is important to understand that this is not a decision on the merits, but only pertains to the threshold issue of whether the plaintiffs may even bring their case under the applicable law,” BFS said in a prepared statement.
Also, BFS must prepare a brief for a California superior court judge in the ongoing matter of a potential class-action lawsuit seeking the recall of some 30 million Firestone Steeltex tires. Judge Christopher Sheldon, who previously had denied a motion by a plaintiffs' attorney to certify the suit, said he wanted additional statements from both sides by Nov. 3.
“The facts and the law haven't changed,” BFS said. “These tires have been shown to be very good performers, so this action is just not supported by the facts.”