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Navistar seeks to settle SEC probe

Navistar seeks to settle SEC probe

NEW YORK — Truck maker Navistar International Corp. hopes to pay the U.S. Securities and Exchange Commission to settle a probe into past disclosures about the departure of a chief executive and an exhaust-treatment technology, according to Market Watch.

Navistar said the agency’s staff recommended acceptance of its settlement offer, but it released no details noting that it hasn’t been formally approved by the SEC, Market Watch reported.

“We have reached an agreement with the staff of the SEC that will end their investigation,” said Steven Covey, Navistar’s general counsel, during a conference call on Thursday with analysts. “Beyond that, we’re, not making any announcement right now.”

To read the full story by Market Watch, click here.

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About Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

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