Tuesday, June 18, 2013
Legal & Legislative

carfax_logoMore than 100 dealers filed suit against Carfax, claiming they were forced to use the company's vehicle history reports.

Dealership law firm of Bellavia, Blatt, Andron &Crossett, PC, has filed a $50 million mass action,anti-trust lawsuit on behalf of 120autodealerships,who allege thatactions byCarfaxunfairly and illegally precludedealers from selecting a vehicle history reportprovider of their choice and negotiating a fair price. Thelawsuit was filedon April 23, in theUnited States District Court for the Southern District of New York.

 

capital-one-auto-finance-phone-number-1The Securities and Exchange Commission charged Capital One Financial Corp. and two senior executives for understating millions of dollars in auto loan losses incurred during the months leading into the financial crisis.

 

ArrestedPolice in New Jersey arrested a used-car staff member for possessing a stolen license plate.

 
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