PASADENA, Calif. (Jan. 29)—Bridgestone Corp., the Tokyo-based tire maker, has reached an agreement with plaintiffs' attorney Joseph L. Lisoni for a stay, in which Bridgestone will not be listed as a defendant in Lisoni's class action lawsuit involving Firestone Steeltex radial tires.
Lisoni seeks the court-ordered recall of some 30 million tires. Under the agreement if he fails to get what he considers a satisfactory judgment against Bridgestone/Firestone, Bridgestone's U.S. subsidiary, he will seek to sue the parent company. "This enables us to focus 100 percent of our resources on the company that we believe is most responsible for the failure of the Steeltex tires—Bridgestone/Firestone," Lisoni said in a release.
But according to Joseph Weinstein, attorney for Squire, Sanders & Dempsey in Cleveland representing Bridgestone, the agreement is a routine document that essentially says Lisoni may only sue Bridgestone if he wins a judgment against BFS which the U.S. company then refuses to pay.