A federal judge in Detroit on Friday rejected a bid by General Motors Co to reinstate a racketeering lawsuit against its smaller rival Fiat Chrysler Automobiles NV (FCA) .
GM claimed it had new info on international accounts utilized in an alleged bribery scheme involving FCA and leaders of the United Auto Workers (UAW) union. But U.S. District Judge Paul Borman said GM’s “newly discovered evidence is too speculative to warrant reopening this case.”
GM said it will enchantment the ruling to the Sixth Circuit Court of Appeals.
“Today’s decision is disappointing, as the corruption in this case is proven given the many guilty pleas from the ongoing federal investigation,” the most important U.S. automaker said in an announcement. “GM’s suit will continue – we will not accept corruption. Civil plaintiffs have the right to pursue their claims, including the right to amend, add new information and take discovery.”
Fiat Chrysler, which didn’t have a right away touch upon Friday, has in contrast the GM submitting to a “third-rate spy movie, full of preposterous allegations.”