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
NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Navistar?src=hash” target=”_blank”gt;#Navistarlt;/agt;–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.
Contacts
Source/Contact
Jonathan D.
Selbin
Lieff Cabraser Heimann & Bernstein
[email protected]
212-355-9500
