American Honda Motor Co. has settled the last of the dealer lawsuits stemming from its bribery scandal of the early 1990s.
Honda's lawyers have not tied up every loose end, but the automaker said it believes all scandal-related litigation is behind it.
Last week, the company said it had reached settlements in the 11 lingering dealer lawsuits in late October. Terms were not disclosed.
In October 1998, American Honda concluded a $329.8 million settlement of a class-action suit in Baltimore. That case covered 1,400 current and former Honda and Acura dealers. The 11 dealers who chose not to be part of that settlement pursued the individual cases Honda says it has now settled.
The automaker was hit with about 100 lawsuits after a 1993-95 U.S. Justice Department investigation. That probe revealed that some past Honda managers awarded dealers with franchises and car allocations in return for kickbacks.
American Honda maintained that it was not legally at fault for the corrupt practices of its managers. Dealers contended the company either knew or should have known about the improper practices. The dealers argued that those practices created an unfair U.S. allocation system.
American Honda declined further comment last week. Most of the lawsuits were settled in Baltimore last year. The company noted there are still 'pending issues' relating to the Baltimore case.