The U.S. 6th Circuit Court of Appeals has affirmed a federal judge's earlier decision to throw out a racketeering lawsuit by General Motors Co. against Fiat Chrysler Automobiles, now known as Stellantis NV.
GM sued its crosstown rival in 2019 alleging FCA's late CEO Sergio Marchionne orchestrated a multimillion-dollar racketeering conspiracy that used bribes to corrupt three rounds of bargaining with the United Auto Workers in order to harm GM. The Detroit automaker said it lost "billions" as a result of the bribery conspiracy to make GM's labor costs high.
"GM's lawsuits are meritless as we have said all along," Stellantis spokesperson Shawn Morgan said in a statement. "We welcome today's unanimous decision by the Federal Court of Appeals upholding the district court's dismissal of this baseless claim. We will continue to defend ourselves vigorously against these frivolous allegations and we will not be distracted from our focus on competing and winning in the marketplace."
