Class Counsel Announce $135 Million Proposed Class Action Settlement of Federal Navistar Diesel Engine EGR Emissions Defect L...

Date : 05/29/2019 @ 7:53PM
Source : Business Wire
Stock : Navistar International Corp (NAV)
Quote : 28.88  0.27 (0.94%) @ 9:02PM

Class Counsel Announce $135 Million Proposed Class Action Settlement of Federal Navistar Diesel Engine EGR Emissions Defect L...

Navistar (NYSE:NAV)
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Class members can choose up to $2,500 per truck or $10,000 rebate off new truck, or seek up to $15,000 per truck in out of pocket damages caused by alleged defect

Lieff Cabraser Heimann & Bernstein, together with co-lead counsel DiCello Levitt Gutzler and Audet & Partners LLP and liaison counsel The Bellows Law Group announce that the parties in the In re Navistar MaxxForce Engines Marketing, Sales Practices and Products Liabilities Litigation reached an agreement to settle the nationwide federal class action lawsuit relating to certain MaxxForce 11- or 13-liter diesel engines equipped with an allegedly defective EGR emissions system. Plaintiffs filed the proposed settlement, under which Navistar International and Navistar, Inc. (NYSE: NAV) must pay out $135 million, with Judge Joan B. Gottschall of the U.S. District Court for the Northern District of Illinois for her consideration and approval.

Lieff Cabraser partner Jonathan Selbin, co-lead counsel for the plaintiffs in the action, commented, “After years of hard fought litigation we believe this settlement represents an outstanding result for class members. In particular, we are proud of the choices it provides class members, who can choose a ‘no questions asked’ cash payment of up to $2500 per truck or $10,000 rebate off the best negotiated price of purchase of a new truck, or can prove up and recover out of pocket damages related to this defect of up to $15,000 per truck.” He added: “We are also pleased Navistar stepped up to take care of its customers.”

Subject to certain exclusions, the proposed class will include all entities and natural persons who owned or leased a 2011-2014 model year vehicles equipped with a MaxxForce 11- or 13-liter engine certified to meet EPA 2010 emissions standards without selective catalytic reduction technology, provided that vehicle was purchased or leased in any of the fifty (50) States, the District of Columbia, Puerto Rico, and all other United States territories and/or possessions.

The proposed settlement must be approved by the Court. If the Court grants final approval, Class members will have six months to make their elections and file a claim.

Source/ContactJonathan D. SelbinLieff Cabraser Heimann & Bernsteinjselbin@lchb.com212-355-9500

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