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Friday, January 30, 2015

SEC alleges Navistar withholding documents in fraud investigation

The Securities and Exchange Commission is asking a federal court to force Navistar to release documents it believes the company "improperly redacted and withheld as privileged" in response to a fraud investigation. The value of Navistar CEO Troy Clarke's compensation package fell by more than 60 percent in 2014 because the company failed to meet its performance targets, according to a Monday filing with the Securities and Exchange Commission.

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