Court Rejects Holley’s Attempt to Amend Order Forcing It to Disgorge $2 Million in Ill-Gotten Profits to Specialty Auto Parts U.S.A.
On March 27, 2024, the United States District Court for the Western District of Kentucky (Bowling Green) issued a judgment stating that Holley Performance Products, Inc. [NYSE: HLLY] SHALL DISGORGE to Specialty Auto Parts U.S.A., Inc. the $2,028,264.19 in net profit it derived from its sales of Ultra Aluminum HP carburetors that were in violation of a 2001 Settlement Agreement reached between Holley and Specialty.
