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Article: Navistar Reaches Tentative Settlement with SEC over Restatement of 2002-2005 Financial Results.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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Navistar International Corporation (NYSE: NAV) announced that it has reached a tentative settlement of the Securities and Exchange Commission's investigation into the company's December 2007 restatement of its financial results for 2002 through the first three quarters of 2005 that will fully resolve the matters under investigation.
The company said the events underlying the restatement have been under investigation by the SEC since 2006 and were the subject of an internal investigation completed by a special committee of the Navistar board of directors in December 2007.
"This settlement will enable our company to put this matter behind us and to ...