NASHVILLE, Tenn. -- A federal judge who ruled against a lending subsidiary of Ford Motor Co. in a bias lawsuit has sent the case to a mediator.
U.S. District Judge Aleta Trauger ruled against Primus Financial Services Inc., which provides wholesale vehicle loans to dealerships, in March. She sided with plaintiffs who alleged that Primus' practice of letting dealerships mark up wholesale interest rates on car loans leads to higher finance charges for minority buyers (see story, Page 38).
The judge gave lawyers for Primus and the plaintiffs until May 27 to select a mediator and set a schedule for mediation. Primus has the right to appeal the judge's ruling if it is dissatisfied with mediation results.
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