The Indiana appeals court has decided against stopping a lawsuit filed by a Detroit-based construction company against the German company that stopped building a new transmission factory in central Indiana five years ago.
The appeals court declined to hear an appeal from Getrag Transmission of a Tipton County judge's ruling that the lawsuit filed by Walbridge Construction should go to trial or settlement.
According to the Kokomo Tribune, Walbridge is seeking nearly $120 million from Getrag for work on the transmission factory near Tipton, at the intersection of U.S. 31 and State Road 28, that Getrag was building as part of a partnership with Chrysler.
The lawsuit claims Getrag's actions cost Walbridge tens of millions of dollars, much of which would have paid subcontractors from Indiana, Ohio and Michigan.
The proposed $580 million plant was never completed. It was acquired by Chrysler Group LLC last year from W.W. Reynolds, which bought the property from a trust formed by a bankruptcy court.
Chrysler Group said in December that it plans to make a $162 million investment in the never-used factory while hiring 850 people to produce nine-speed transmissions.