Ex-Navistar Exec Launches Suit Over Scrapped Enviro Engines

Law360, Wilmington (August 14, 2013, 2:31 PM EDT) -- A one-time Navistar International Corp. director claims the truck maker's top brass cost the company billions of dollars by issuing false statements about the company's failed development of environmentally compliant heavy-duty engines, according to a redacted shareholder derivative complaint released Monday.

Originally submitted under seal Aug. 7 in Delaware Chancery Court, the suit alleges that Navistar's board and former executives misled the public by repeatedly trumpeting the success of its program to reduce nitrogen oxide emissions before finally announcing in 2012 that the project was being...
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