Cummins Inc.'s $1.6 million settlement earned a federal judge’s final blessing, resolving investor allegations the company concealed it was flouting emissions standards by making some engines with unauthorized “defeat devices.”
Judge Tanya Walton Pratt awarded 30% of the settlement—$480,000—in attorneys’ fees and more than $61,000 for litigation expenses, plus interest, to the investor’s counsel. The investor leading the case will get $5,000, the US District Court for the Southern District of Indiana judge said, giving final approval to the deal in orders entered May 22.
- Cummins, which denied wrongdoing through the settlement, allegedly lied to investors about its ...
