Ally Financial sues Chrysler Financial for copyright infringement

Article by Anita Panait, on September 22, 2013

Ally Financial Inc. has filed a lawsuit against Chrysler Capital, accusing the joint venture of Santander Consumer USA Inc. and Chrysler Group of infringing a copyright on loan forms to avoid a $150 million accounting penalty. Santander Consumer USA Inc. is facing claims of copyright infringement and misappropriation of trade secrets. 

Ally has asked a federal court in Detroit to prevent Chrysler Capital from "imitating, copying or making use of" the copyrighted forms. Ally said in the complaint filed in federal court in Detroit that Santander "elected to take a short cut rather than do the hard work that was required to develop the comprehensive, foundational auto finance platform needed to service the Chrysler dealerships and consumers on the scale contemplated by, and contracted with, Chrysler.

"According to Ally, a former employee employed by Santander "took several proprietary documents when he left Ally," including its "Retail Procedures Manual." Chrysler Capital commenced operations on May 1, financing car and light-truck purchases and providing dealers with wholesale loans for buying vehicles from Chrysler, who allowed its agreement with Ally to expire at the end of April.

Topics: ally financial

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Amazon is now moving beyond the four corners of online retailing. Only recently, the retail giant has been awarded a patent for its Road Network system. Since the patented technology...
by - January 20, 2017
The newest version of the Lamborghini Huracan is not a Superleggera, but a Performante. When Lamborghini filed for a patent for a new name, there were still debates whether this...
by - January 20, 2017
What is hotter and more menacing than a Hellcat? If we ask Dodge, its answer would be the “Demon.” Of course, we aren’t talking about a demon with horns and...
by - January 20, 2017
The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries