FCAA v Campbell case settles

The high-profile civil court case between Fiat Chrysler Automobiles Australia (FCAA) and former exec Clyde Campbell has been settled.

The case was to be heard in the Federal Court this week but was settled between the parties prior to the hearing. Also named in the case was Campbell’s replacement at the local Jeep and Fiat/Alfa Romeo importer, Veronica Johns.

FCAA had alleged former managing director Campbell had misused more than $30 million of the company funds. In June (2016) the company failed in an interlocutory (provisional) hearing to have Campbell’s assets frozen.

Campbell has strenuously denied the allegations since the case was made public in May 2015.

In a brief statement this week the parties commented: "The parties to the FCA Australia v Clyde Campbell legal proceeding have agreed to a settlement without admission of liability of any party. The terms of the settlement are both confidential and mutually acceptable".

For much of 2016, motoring.com.au sources have repeatedly suggested the parties would settle before the hearing. FCAA has maintained the case would go ahead.

FCAA head of communications Lucy McLellan stated this morning FCAA would not comment further on the case.

“We’ve issued a statement. Both sides have agreed on the statement,” she told motoring.com.au.