First Brands Group subsidiary Carter Carburetor (Carter) and Walbro have reached an agreement ending a dispute over alleged wrongful price increases and order cancellations, according to legal documents filed in Delaware’s Court of Chancery. The contention started after Carter’s acquisition of Walbro’s engine management division when claims of improper pricing and cancellation of orders were raised.
The terms of this agreement have not been disclosed, thus the exact nature and implications of the resolution remain unclear.
This dispute resolution marks an essential step towards normalization of business relations between Carter and Walbro, two significant players in the engine management industry.
For further details on this progressing story, a complete report can be accessed here.