April 8, 2013
Navistar abandoned its EGR-only approach to meeting federal emissions standards last summer but the more than half a billion dollar heartache will simply not go away.
Three separate class action lawsuits target Navistar and select board members and directors, alleging the company misled shareholders as to the prospects of its EGR engines’ ability to meet EPA standards and that the company artificially inflated its stock price based on those alleged deceptions.
The class action suits are open for all purchasers of Navistar International Corporation common stock between Nov. 3, 2010, an Aug. 1, 2012.
Navistar eventually scrubbed its EGR plans in an SCR partnership with Cummins announced last fall.
For more on the lawsuits, see our sister site’s, Successful Dealer, full report.