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Navistar may face SEC lawsuit, posts 12th consecutive loss

2015-09-02 20:08:52| Automakers - Topix.net

Navistar said it received Wells notices from the U.S. Securities and Exchange Commission that recommended enforcement action against the company and former Chief Executive Officer Daniel Ustian for allegedly violating regulations of disclosures and financial statements. During a conference call with analysts, Navistar officials said they could not comment on the case beyond saying the company was working on its response to the Wells notices.

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