BENSALEM, Pa.--(BUSINESS WIRE)--
Law Offices of Howard G. Smith announces that investors of Navistar International Corporation (“Navistar” or the “Company”) (NAV) have until May 20, 2013 to move the Court to serve as lead plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Northern District of Illinois on behalf of a class (the “Class”) comprising all purchasers of Navistar securities between November 3, 2010 and August 1, 2012 (the “Class Period”).
Navistar is a holding company whose subsidiaries and affiliates produce commercial and military trucks, buses, diesel engines, recreational vehicles and chassis. The Complaint alleges that throughout the Class Period the Company misrepresented and/or failed to disclose that: (a) Navistar's attempted methods for compliance with Environmental Protection Agency (EPA) guidelines had failed and the Company would be forced to revise its plan to meet guidelines, incurring enormous costs to the Company; (b) Navistar did not have engines available to timely meet the 2010 EPA standards; (c) Navistar's filings with the Securities and Exchange Commission contained incomplete and misleading disclosures, including statements about the costs of recalls and details of various debts; and (d) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its revenue outlook.
If you are a member of the Class described above, you have certain rights and have until May 20, 2013 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, or may retain counsel of your choice. If you purchased shares prior to the Class Period or wish to learn more concerning your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.