MUSCATINE, Iowa (April 11)—Bandag Inc. and Michelin North America Inc. have dismissed some claims they made against each in their ongoing retreading lawsuits. Bandag is suing Michelin and its Michelin Retread Technologies Inc. subsidiary for allegedly attempting to eliminate Bandag as a competitor and for allegedly trying to usurp Bandag's dealer network. Michelin's countersuit claims Bandag has intentionally restrained competition in the retread systems market. The companies dismissed sections of the suits related to advertising claims, and Bandag dismissed its antitrust claims against Michelin. The suits are scheduled to go to trial May 6. Bandag estimates expenses for the Michelin litigation in 2002 will range from $11 million to $13 million on a pretax basis, assuming the trial begins as scheduled. In 2001, the Muscatine-based retread supplier spent $18.3 million on a pretax basis on the lawsuit
Bandag, Michelin dismiss portions of lawsuits
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