WAYNE, Pa., April 5, 2013 /PRNewswire/ --Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/nav) announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of purchasers of common stock of Navistar International Corporation ("Navistar" or the "Company") (NYSE: NAV) during the period between November 3, 2010 and August 1, 2012, inclusive (the "Class Period").
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For more information regarding this class action suit, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/nav.
The Complaint alleges that throughout the Class Period the Company issued materially false and misleading statements regarding the Company's business and financial prospects. Navistar through its subsidiaries, manufactures and sells commercial and military trucks, buses, diesel engines and recreational vehicles, and provides service parts for trucks and trailers worldwide. The Complaint alleges that throughout the Class Period the Company misrepresented and/or failed to disclose that: (1) Navistar's attempted methods to achieve compliance with EPA guidelines in truck manufacturing had failed and Navistar would be forced to revise its plan to meet guidelines, incurring enormous costs to the Company; (2) Navistar did not have engines ready to meet the 2010 EPA standards; and (3) 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.
If you are a member of the class, you may, no later than May 20, 2013, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.
For more information about the case or to participate online, please visit: www.rmclasslaw.com/cases/nav or contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218, or by e-mail at rmaniskas@rmclasslaw.com. For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
CONTACT: | Ryan & Maniskas, LLP |
Richard A. Maniskas, Esquire | |
995 Old Eagle School Rd., Suite 311 | |
Wayne, PA 19087 | |
484-588-5516 | |
877-316-3218 | |
www.rmclasslaw.com/cases/nav | |
rmaniskas@rmclasslaw.com |
SOURCE Ryan & Maniskas, LLP
