February 21, 2020
The former CEO of Navistar International Corporation has reached a $500,000 agreement with the U.S. Securities and Exchange Commission to partially settle claims that he hid the company's struggles to meet federal environmental standards, government attorneys told an Illinois federal judge Friday.
August 15, 2019
Navistar International Corp.'s former CEO urged an Illinois federal judge Thursday to give him an early win over claims that he misled investors about certain engines' ability to meet federal environmental standards, saying he did not lie about those engines' certification applications with the U.S. Environmental Protection Agency.
August 07, 2018
The former CEO of Navistar International Corp. urged an Illinois federal judge Monday not to allow seven heavy-duty engine manufacturers to intervene in the U.S. Securities and Exchange Commission's lawsuit against him, saying their interests in protecting their compliance records with the Clean Air Act don't require intervention.
July 31, 2018
Caterpillar Inc., Deere & Co. and other manufacturers urged an Illinois federal judge on Monday not to allow the disclosure of their compliance records with the Clean Air Act in the U.S. Securities and Exchange Commission's lawsuit against Navistar International Corp.'s former CEO, saying those documents contain trade secrets.
May 09, 2018
The U.S. Securities and Exchange Commission urged a D.C. federal judge Tuesday to punt a subpoena that the former CEO of Navistar International Corp. issued to the U.S. Environmental Protection Agency, saying it's a needless delay in the SEC's suit over allegedly misleading statements he made to investors about the company's compliance with environmental regulations.
April 19, 2017
Navistar International Corp.’s former CEO has told an Illinois federal court that he adequately answered the U.S. Securities and Exchange Commission’s lawsuit claiming he misled investors about the company’s compliance with environmental regulations, fighting back against allegations that he was being purposely evasive.
January 25, 2017
An Illinois federal judge has pushed forward a U.S. Securities and Exchange Commission lawsuit against the former CEO of Navistar, finding that the government plausibly alleged that the executive misled investors into believing that the company's engines would meet environmental regulations.
August 24, 2016
An ex-Navistar CEO again urged an Illinois federal judge on Tuesday to dismiss claims he misled investors with statements he made regarding a new engine design, saying the U.S. Securities and Exchange Commission "cherry-picked" facts and excerpts to create a more favorable case.
July 29, 2016
The U.S. Securities and Exchange Commission fired back at ex-Navistar CEO Daniel Ustian's attempt to escape charges that he purposely misled investors about the progress of a new engine design with a riposte-filled response filed Thursday in the Illinois securities fraud suit.
June 15, 2016
The former CEO of Navistar International Corp. told an Illinois federal judge on Tuesday that statements he made to investors about a new engine design were appropriately cautious, rebuffing U.S. Securities and Exchange Commission claims he purposely misled them about its progress.