Navistar Says Deloitte Can't Duck $500M Malpractice Suit

Law360, New York (August 23, 2011, 1:30 PM EDT) -- Navistar International Corp. on Monday railed against Deloitte & Touche LLP’s attempt to sink a $500 million fraud and malpractice suit in Illinois, claiming its former auditor cannot shift blame for gross accounting lapses onto the engine and truck manufacturer.

Deloitte’s bid to dismiss the suit ignores the fact that Navistar’s allegations of fraud and misrepresentation are backed up by evidence that the auditor knew its accounting practices were deeply flawed, ultimately causing the plaintiff to restate its financials from 2003 to 2005, Navistar argued in...
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