Yesterday, the SEC filed an administrative proceeding against Navistar International Corp. alleging that Navistar misled investors when it “failed to fully disclose the company’s difficulties obtaining Environmental Protection Agency (EPA) certification” of a particular truck engine. Navistar agreed to settle the SEC’s AP by paying a $7.5 million penalty and a separate case against the company’s former CEO is ongoing.
via SEC claims Navistar, former CEO misled investors about truck engine | Compliance Week.
