Marchionne, the suit said, “formally solicited GM for a merger” in the spring of 2015 and was rejected. From there, the suit alleges that Marchionne orchestrated a negotiation of the collective bargaining agreement that was “designed, through the power of pattern bargaining, to cost GM billions.”
FCA called the case “meritless” and called GM’s amended complaint before the lower court judge “full of preposterous allegations.”
The company said it would continue to defend itself “vigorously against these frivolous allegations and we will not be distracted from our focus on competing and winning in the marketplace.”
U.S. District Judge Paul Borman dismissed the case in July 2020 after calling it a distraction for the companies and a “waste of time and resources.” Borman also denied GM’s subsequent motion to reopen the case, concluding that new evidence GM presented was “too speculative.”
Automotive News contributed to this report.
