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.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]