Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
34°F
Cloudy
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
 Local News 
 Sports 
-- Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 
 Web Directory 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 



 
Thursday, January 8, 2004

Lawyers want bigger tire settlement



By Pam Easton
The Associated Press

BEAUMONT, Texas - Critics of a proposed $149 million deal that would settle 30 class-action lawsuits against Bridgestone/Firestone North American Tire packed a courtroom Wednesday to oppose the agreement. They asked a judge to allow changes before approving it.

State District Judge Donald Floyd said he would decide within a month whether to approve, reject or allow revisions to the settlement, which comes more than three years after the 2000 recall of 14.4 million Firestone tires.

"This is a complete illusionary deal," said attorney Mitchell Toups, who asked Floyd to allow objectors 60 days to improve the settlement so it would offer additional compensation to people who owned Firestone tires but did not suffer personal injury or property damage.

Company officials say the settlement, which could affect 15 million people and about 60 million tires, is good for all parties.

"This is a large settlement, and it is one we think is fair and in the best interest of everyone," said Marina Marich, spokeswoman for the Nashville, Tenn.-based tire maker.

The court received 110 written objections, and more than two dozen lawyers showed up Wednesday to voice their discontent.

But lawyers for the tire maker and class-action representative Terri Shields said they would not negotiate with those opposed to the agreement, which the tire maker agreed to in July.

Mike Caddell, an attorney who has handled Firestone class-action suits and opposes the plan, said the company is trying to pass off actions already planned or promised in other litigation as compensation.

Marich said the settlement consists entirely of new initiatives.

It calls for Firestone to pay an estimated $70 million to replace tires, $41 million to manufacture certain tires with materials that would perform better at high speeds, $15.5 million on a consumer education campaign and $19 million for attorneys' fees. The company also has paid $3.5 million to notify class members of the settlement plan.

The 45 named plaintiffs each could receive up to $2,500. Those who are not named qualify to have their tires replaced, Marich said.



New truck rules could put more stress on roads
Broadwing chicanery alleged
Drawbridge pulls out of bankruptcy
Over-the-Rhine eatery closed
Peale: Hunt Club Clothiers makes tracks to Tower Place
Inline hockey tourney snared
Motorola licenses wireless tracking
Digital radio has commercial debut
Enron exec seeking deal
Lawyers want bigger tire settlement
Tiremaker's fix-it guy retires
Tech firms defend moving jobs overseas
Tristate Summary
Business digest

 

Latest Headline News
Updated Every 30 Minutes
BUSINESS NEWS

U.S. Rises in Auto Reliability Ratings

Congolese Shun Own Currency for Dollars

Delta Air Lines Posts $52M Profit in 3Q

Prepared Holiday Meals Up in Popularity

Christmas Returns to Wal-Mart Marketing


Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.