Bridgestone/Firestone settles $1 billion lawsuit
Bridgestone/Firestone (BFS) Inc. has reached a settlement with a Texas family that was suing the tiremaker for $1 billion.
The settlement amount has not been disclosed.
The lawsuit stems from a March 2000 Ford Explorer roll-over accident that left a woman paralyzed.
Plaintiffs said the crash was caused by a defective Firestone tire.
The McAllen, Texas, jury handling the case had been deliberating for several days.
"We are glad we were able to reach a resolution with the family," BFS said in an official statement issued this morning.
The family reached an out-of-court settlement with Ford Motor Co. last month for a reported $6 million.