We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Navistar International Corporation (“NAV” or the “Company”) (NYSE: NAV) in connection with the proposed acquisition of the Company by TRATON SE (“TRATON”).  Under the terms of the acquisition agreement, TRATON will acquire all outstanding shares of NAV that it does not already own, and NAV shareholders will receive $44.50 per share in cash for each share of NAV that they hold.  TRATON already controls 16.7% of NAV common stock, and the two companies have a long-standing strategic alliance that may have been a factor in the formulation of the proposed transaction.

In light of TRATON’s significant share ownership and pre-exiting professional relationship with the Company, WeissLaw is investigating whether NAV’s board acted independently and in the best interest of the Company’s public shareholders in agreeing to the proposed transaction, whether the per-share cash consideration reflects fair compensation for NAV shareholders, and whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed to NAV shareholders.\n\nWeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]