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

In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
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