Titan, Steelworkers agree compromise over dismissals in year 2000

Pittsburgh, Pennsylvania - Titan International, Inc. has reached agreement with the United Steelworkers in a civil RICO (Racketeer Influenced and Corrupt Organizations Act) case that began in September 2000.

The case was dismissed on Wednesday, 1 Feb., by federal judge Jeanne Scott in Springfield, Illinois. Titan will receive no money and there is no admission of any wrongdoing by any defendant.

Over the last five years, in press releases and statements, Titan had claimed that the lawsuit entitled it to damages totaling hundreds of millions of dollars.

In a statement, Maurice Taylor, Titan chairman and ceo, said, "The future looks bright and working with the Steelworkers, we will be a force to reckon with. I can appreciate the Steelworkers are not used to a CEO like me, but our passions for the American worker bring us together. I believe everyone will be happy that we together put the swords down and are moving on.”

According to a Union statement, "Titan International has withdrawn its five-and-a-half-year-old civil RICO case against the United Steelworkers (USW), two of its local unions, and 125 individual defendants. With the dismissal of the case, approved yesterday by federal judge Jeanne Scott in Springfield, Illinois, Titan will receive no money and there is no admission of any wrongdoing by any defendant."

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Press release from USW union

Press release from Titan

RICO act US government explanation