On Aug. 5, 2010, the United States Securities and Exchange Commission issued a cease-and-desist order against Navistar International Corporation (Navistar), CEO Daniel C. Ustian (Ustian), former CFO Robert C. Lannert (Lannert), Thomas M. Akers, Jr. (Akers), James W. McIntosh (McIntosh), James J. Stanaway (Stanaway), Ernest A. Stinsa (Stinsa) and Michael J. Schultz (Schultz).
Daniel C. Ustian, CEO of Navistar International Corp., parent company of Monaco RV LLC, and Navistar’s former CFO, Robert Lannert, have agreed to repay $2.3 million to settle a dispute with the Securities and Exchange Commission (SEC) over the company’s reporting of financial results from 2002 to 2005.
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