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Va. dealer's Supreme Court win helps lenders.(News)(Virginia)(Column)
From:
Automotive News
| Date:
December 6, 2004| Author:
Stoffer, Harry
| COPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Byline: Harry Stoffer
A Virginia dealer's persistence paid off in a U.S. Supreme Court victory that will benefit thousands of lenders, including other dealers.
The high court ruled 8-1 last week that a disgruntled used-car buyer is entitled to no more than $1,000 in damages because of a lending law violation by the dealership.
Lower courts had awarded the plaintiff, Bradley Nigh, more than $24,000.
But the court majority accepted the ar...