Bridgestone/Firestone pays $41.5 million in settlement. (Corporate, financial news).
Bridgestone/Firestone, Nashville, TN, will pay $41.5 million in a settlement to head off lawsuits by states over defective tires the company recalled more than a year ago. Each of the 50 states, Washington, D.C., Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the Virgin Islands will get $500,000. Bridgestone/ Firestone fire·stone
1. A flint or pyrite used to strike a fire.
2. A fire-resistant stone, such as certain sandstones.
Noun 1. will also spend $5 million on a consumer education campaign and $10 million to reimburse re·im·burse
tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es
1. To repay (money spent); refund.
2. To pay back or compensate (another party) for money spent or losses incurred. attorneys' fees for the states. Bridgestone/Firestone announced a recall of 6.5 million ATX See ATX motherboard.
(hardware, standard) ATX - An open PC motherboard specification by Intel.
ATX is a development of the Baby AT specification with the motherboard rotated 90 degrees in the chassis. , ATX II and Wilderness AT tires August 9, 2000 after receiving reports that some tires suddenly failed.