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U.S. choose rejects GM bid to reopen racketeering case in opposition to Fiat Chrysler

© Reuters. The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe

(Reuters) – A federal judge in Detroit on Friday rejected a bid by General Motors Co (NYSE:) to reinstate a racketeering lawsuit against its smaller rival Fiat Chrysler Automobiles NV (FCA).

GM claimed it had new information on foreign accounts used in an alleged bribery scheme involving FCA and leaders of the United Auto Workers (UAW) union. But U.S. District Judge Paul Borman said GM’s “newly discovered evidence is too speculative to warrant reopening this case.”

GM said it would appeal the ruling to the Sixth Circuit Court of Appeals.

“Today’s decision is disappointing, as the corruption in this case is proven given the many guilty pleas from the ongoing federal investigation,” the largest U.S. automaker said in a statement. “GM’s suit will continue – we will not accept corruption. Civil plaintiffs have the right to pursue their claims, including the right to amend, add new information and take discovery.”

Fiat Chrysler, which did not have an immediate comment on Friday, has compared the GM filing to a “third-rate spy movie, full of preposterous allegations.”

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