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Violation Tracker Individual Record

Company: Navistar International Corp.
Current Parent Company: Volkswagen
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $7,500,000
Year: 2016
Date: March 31, 2016
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The SEC charged Navistar International Corp. with misleading investors about its development of an advanced technology truck engine that could be certified to meet U.S. emission standards. Navistar, without admitting or denying the charges, has reached a settlement with the SEC and agreed to pay a $7.5 million penalty.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.