Stull, Stull & Brody Announces Class Action on Behalf of Shareholders of Navistar International Corp.
Market Wire, December, 2007
Attorney Advertising. Notice is hereby given that a class action has been commenced on behalf of purchasers of Navistar International Corp. (PINKSHEETS: NAVZ) securities on the open market from February 14, 2003 through July 17, 2006.
Stull, Stull & Brody has substantial experience representing employees who suffered losses from purchases of their employer's stock in their 401(k) plans. If you bought Navistar stock through your Navistar retirement account and have information or would like to learn more about these claims, please contact us.
The action is pending in the U.S. District Court for the Northern District of Illinois against Navistar, certain of its current and former senior management and Deloitte & Touche LLP, Navistar's former outside auditing firm. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
The complaint alleges that the defendants knowingly and fraudulently misrepresented Navistar's financial results during the class period. When the truth began to be revealed to the market, beginning on December 14, 2005 and continuing through July 17, 2006, Navistar's stock price fell from $30.28 to $20.95, a 30% drop.
If you bought Navistar securities from February 14, 2003 through July 17, 2006, and lost money, you may, no later than February 15, 2008, request that the Court appoint you as lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action.
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." If you wish to serve as lead plaintiff, you must move the Court no later than February 15, 2008. 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 Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 30 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Los Angeles.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by e-mail at SSBNY@aol.com , by calling toll-free 1-800-337-4983, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com .
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
Tzivia Brody, Esq. Stull, Stull & Brody Email Contact toll-free: 1-800-337-4983 fax: 212/490-2022 Stull, Stull & Brody 6 East 45th Street New York, NY 10017 www.ssbny.com
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