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UPDATE 2-SEC charges Navistar, ex-CEO with misleading investors

2016-03-31 23:36:57| Automakers - Topix.net

Navistar International Corp agreed to pay a $7.5 million fine to settle U.S. Securities and Exchange Commission charges that it defrauded investors into believing a diesel truck engine it was developing could meet tough federal emissions standards. The SEC also filed a related lawsuit accusing former Navistar Chief Executive Daniel Ustian of leading a "campaign of deception" to defraud investors in 2011 and 2012.

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