International car maker Fiat Chrysler has agreed to a tentative $110 million settlement in an investor class-action suit over the company’s failure to comply with federal emission and safety standards that cost the company in massive fines and costly recalls, according to court documents.
The suit was first filed in the Southern District of New York in 2015, following a record $105 million levying of fines against the company by the National Highway Traffic Safety Administration that year, according to the complaint. Additionally, in an amended set of claims, the company faced regulatory concerns over its diesel fuel emissions standards. The company would go on to settle these claims for $800 million.
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