Ford Stock Gains Despite Dismissal of ’Time Lawyer’ Lawsuit
Ford Motor Company (NYSE:F) saw fractional gains in Wednesday afternoon trading despite a federal court dismissing its lawsuit against Knight Law Group over alleged billing irregularities. U.S. District Judge Michelle Williams ruled the defendants qualified for Noerr-Pennington immunity, shielding them from antitrust claims related to petitioning government entities.
The automaker’s attempt to invoke RICO statutes failed, underscoring the high bar for challenging legal billing practices. Investors shrugged off the news, focusing instead on broader market conditions and Ford’s operational performance.