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Navistar International Corporation Summary: According to a law firm press release dated December 17, 2007, a securities fraud lawsuit has been commenced on behalf of investors who purchased Navistar International Corp. securities. The action is pending against Navistar, certain of its current and former senior management and Deloitte & Touche LLP, Navistar’s former outside auditing firm. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that the defendants knowingly and fraudulently misrepresented Navistar’s financial results during the class period. When the truth began to be revealed to the market, beginning on December 14, 2005 and continuing through July 17, 2006, Navistar’s stock price fell from $30.28 to $20.95, a 30% drop.
INDUSTRY CLASSIFICATION:
SIC Code: 3711
Sector:
Industry:
| COMPANY/ISSUER NAME: | Navistar International Corporation |
| COMPANY/ISSUER TICKER: | NAVZ |
| COMPANY WEBSITE: | http://www.navistar.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Norfolk County Retirement System and Brockton Contributory Retirement System, et al. v. Navistar International Corporation, et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Class Action Complaint For Violations Of The Securities Exchange Act Of 1934 | |||
| Type: Complaint | Date on the document: 12/17/2007 | ||
| OTHER DOCUMENTS | |||
| Class Action Complaint - Jury Trial Demanded | |||
| Case Name and/or Number: Kevin Memoli, et al. v. Navistar International Corporation, et al. | |||
| Type: Complaint | Date on the document: 01/07/2008 | ||
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