Fisher Auto Parts, Inc. is a family-owned auto parts warehouse distributor based in Staunton, Virginia. The company has been in business for over 90 years and has over 500 locations in the United States.
In 2020, Fisher Auto Parts was sued by its supplier, Remy Holdings International, LLC, for breach of contract and unjust enrichment. Remy alleged that Fisher wrongfully withheld payment of more than six million dollars pursuant to two types of contractual arrangements in the automotive aftermarket: the “core return” program and the “core devaluation credit” program. Remy also alleged that Fisher wrongfully terminated the parties’ contracts.
Fisher Auto Parts counterclaimed for breach of contract based on Remy’s obligation to keep Fisher competitive in the marketplace and Remy’s failure to compensate Fisher for excess core returns.
The trial in this matter is currently scheduled to begin on February 28, 2022.
Conclusion
The Fisher Auto Parts lawsuit is a complex commercial dispute that is still ongoing. The outcome of the case could have significant implications for both companies as well as the automotive aftermarket industry as a whole.
FAQs
Q: What is the core return program?
A: The core return program is a common practice in the automotive aftermarket industry. Under this program, suppliers of automotive parts provide their customers with a credit for returning used parts. The suppliers then remanufacture or recycle these parts and sell them again.
Q: What is the core devaluation credit program?
A: The core devaluation credit program is a type of core return program in which suppliers provide their customers with a credit for returning used parts that are in poor condition. This credit is typically less than the credit that would be provided for returning a used part that is in good condition.
Q: Why did Remy Holdings sue Fisher Auto Parts?
A: Remy Holdings sued Fisher Auto Parts for breach of contract and unjust enrichment. Remy alleged that Fisher wrongfully withheld payment of more than six million dollars pursuant to the core return and core devaluation credit programs. Remy also alleged that Fisher wrongfully terminated the parties’ contracts.
Q: What is the status of the Fisher Auto Parts lawsuit?
A: The trial in the Fisher Auto Parts lawsuit is currently scheduled to begin on February 28, 2022.
Q: What are the potential implications of the Fisher Auto Parts lawsuit?
A: The outcome of the Fisher Auto Parts case could have significant implications for both companies as well as the automotive aftermarket industry as a whole. If Remy Holdings prevails, it could set a precedent for other suppliers to sue their customers for breach of contract. This could lead to increased costs for auto repair shops and consumers.
Q: How can I stay informed about the Fisher Auto Parts lawsuit?
A: You can stay informed about the Fisher Auto Parts lawsuit by following the case on Casetext.com. Casetext is a legal research platform that provides access to court documents and other legal information.
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Reference
- Remy Holdings Int’l LLC v. Fisher Auto Parts, Inc.: https://casetext.com/case/remy-holdings-intl-llc-v-fisher-auto-parts-inc-2
- Fisher Auto Parts Announces New President: https://www.fisherautoparts.com/NewsDetail.aspx?id=429
- Heirs’ 2-year court battle in Augusta County over Fisher Auto Parts fortune comes to an end: https://www.newsleader.com/story/news/local/2022/01/25/fisher-auto-parts-lawsuits-augusta-county-settled/6528257001/
- Woman sues Fisher Auto Parts for car accident with employee: https://wvrecord.com/stories/523531815-woman-sues-fisher-auto-parts-for-car-accident-with-employee
Sources
