December 11, 2017 — This afternoon, Cox Automotive and several of its subsidiaries filed a $200 million lawsuit against CDK Global alleging ongoing antitrust and unlawful competition. The suit is the latest in a series of legal actions taken against CDK and Reynolds and Reynolds since February this year by competitors and dealers complaining about… Continue Reading
November 20, 2017 — Despite a mixed earnings report at the end of October, along with a flurry of antitrust lawsuits and two separate Federal Trade Commission reviews in recent months, CDK Global’s stock price is up nearly $5 trading at more than $66 a share since Wednesday morning last week. Fueling the jump in…
November 7, 2017 — Score this as a big win for Reynolds and Reynolds and CDK Global in the antitrust lawsuit filed against them by Authenticom. Late yesterday, the United States Court of Appeals for the Seventh Circuit out of Chicago vacated the preliminary injunction the lower district court in Wisconsin had awarded Authenticom in…
UPDATED — October, 21, 2017 — Last month, the Trophy Automotive Group completed the purchase of four dealerships that were part of the eight-store Sage Automotive Group in the Los Angeles, CA area. Trophy, which was started by Nasser Watar in 2014 with the acquisition of Mercedes Benz of Encino, acquired West Covina Nissan, Universal… Continue Reading
October 20, 2017 — Teterboro Chrysler Dodge Jeep Ram filed a class action lawsuit yesterday against Reynolds and Reynolds and CDK Global alleging various antitrust violations. The case was filed in United States District Court in the New Jersey District. Teterboro, who is a Reynolds and Reynolds client, alleges the two companies during the period… Continue Reading
September 7, 2017 — Several dealerships owned by the Braman Automotive Group filed three lawsuits this week against Audi and BMW in federal court alleging their business practices drive down dealership profit margins while coercing them to give up control of their businesses. Two of the lawsuits also include Terry Rhodes, Florida’s Executive Director of…
September 5, 2017 — The lawsuits are piling up and more are on the way. Late last month, Superior Integrated Solutions (SIS), owner of Darwin Automotive, became the third dealership vendor to file a lawsuit against Reynolds and Reynolds since February alleging anti-competitive practices. At issue are the policies and practices Reynolds and CDK Global…
August 9, 2017 — After seemingly being dominated in the early stages in the antitrust lawsuit filed by Authenticom in May, Reynolds and Reynolds and CDK Global have clawed back to what can be described as a tie. The Seventh District Court of Appeals yesterday granted the two technology firms a stay of the preliminary…
August 7, 2017 — Less than a year ago, Gary Flom was building an automotive empire consisting of eight dealerships in the heart of New York City with plans to sell more than $600 million worth of vehicles this year. Today, that empire is in tatters, due to a frenetic growth pace railroaded by a bitter… Continue Reading
August 1, 2017 — Good news and bad news today on the antitrust front for CDK Global and Reynolds Reynolds. First, in the lawsuit filed by Authenticom, Judge James Peterson of the Wisconsin district court issued a temporary seven-day stay this afternoon of the preliminary injunction he granted Authenticom on Friday to give the appeals…