ArvinMeritor Wins Antitrust Lawsuit Against Eaton Corporation
08 Outubro 2009 - 3:43PM
PR Newswire (US)
TROY, Mich., Oct. 8 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc.
(NYSE: ARM) announced today that a jury has ruled in favor of ZF
Meritor LLC, a venture between ArvinMeritor and ZF Friedrichshafen
AG, and Meritor Transmission Corporation, an ArvinMeritor company,
in the companies' antitrust lawsuit against Eaton Corporation
(NYSE:ETN). The jury found that Eaton engaged in exclusionary and
anticompetitive conduct in the sale and marketing for heavy-duty
truck transmissions. The case was tried in United States District
Court for the District of Delaware. ArvinMeritor's Chairman, CEO
and President, Chip McClure, said, "We are elated that the jury
recognized Eaton's wrongful conduct in violation of antitrust laws
that harmed competition in the markets for heavy-duty truck
transmissions, forced us to exit the NAFTA line-haul transmission
business and led to the demise of our joint venture with ZF
Industries. "In bringing this lawsuit forward, we sought to protect
our loyal customers who have relied on our superior products and
services. We knew our customers deserved the right to choose the
transmissions they specify and that a significant number of those
customers would have preferred ZF Meritor transmissions had they
been available without restriction. Due to the exclusionary tactics
employed by our competitor, we believe our products became
difficult and ultimately impossible for our customers to choose as
alternatives to Eaton's offerings. We are grateful to the jury
members for their time and for making the right decision to create
fair competition and fair play in our marketplace," continued
McClure. Today's ruling completes the initial phase of the trial in
which the jury was asked to determine whether or not Eaton was
liable for the alleged violations. Given the jury's finding that
Eaton did engage in anticompetitive conduct, the parties will now
proceed to the Damages phase of the legal process through a
separate trial. About ArvinMeritor ArvinMeritor, Inc. is a premier
global supplier of a broad range of integrated systems, modules and
components to original equipment manufacturers and the aftermarket
for the transportation and industrial sectors. The company marks
its centennial anniversary in 2009, celebrating a long history of
'forward thinking.' The company serves commercial truck, trailer
and specialty original equipment manufacturers and certain
aftermarkets, and light vehicle manufacturers. ArvinMeritor common
stock is traded on the New York Stock Exchange under the ticker
symbol ARM. For more information, visit the company's Web site at:
http://www.arvinmeritor.com/. About ZF ZF is one of the world's
leading automotive industry suppliers specializing in driveline and
chassis technologies. With a workforce of about 61,000 employees,
the company operates 125 plants in 26 countries. ZF Group revenues
in 2008 totaled $17.62 billion. ZF ranks as one of the top-15
automotive industry suppliers worldwide. ZF operates a large
manufacturing network in North America, combined with global
research and development capabilities, to provide advanced
technology to the region. The ZF Group North American Operations
Headquarters and Technical Center is located in Northville, Mich.,
USA. (Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO
) http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGODATASOURCE:
ArvinMeritor, Inc. CONTACT: Media Inquiries: Lin Cummins,
+1-248-435-7112, ; D. Mike Pennington, +1-248-435-1933, ; Investor
Inquiries: Brett Penzkofer, +1-248-435-9426, Web Site:
http://www.arvinmeritor.com/
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