March 20, 2013
Harwood Feffer LLP (
) is investigating potential claims against the board of directors of Navistar International Corp. ("Navistar" or the "Company") (NYSE: NAV), concerning whether the board has breached its fiduciary duties to shareholders.
, the Company disclosed that a clean emissions technology on which it had spent approximately
in research and development would not be EPA-compliant and would need to be abandoned. Company stock, which had reached
per share in anticipation of successful production of this technology, collapsed to lows below
August 2, 2012
, the Company announced that it had received a letter of inquiry from the SEC relating to an investigation of accounting and disclosure matters since 2010. Upon information and belief, the accounting and disclosure matters were connected to the Company's statements regarding the failed clean emissions technology.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Navistar shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP488 Madison Avenue
New York, New York
10022Phone Numbers: (877) 935-7400 (212) 935-7400Email:
has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (
) for more information about the firm.
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