Cummins Inc. Faces Class Action Lawsuit Over Emission Scandal

Shareholders have until March 15, 2024 to file lead plaintiff applications following a $1.675 billion penalty agreement for Clean Air Act violations.

Cummins Inc. is facing a class action lawsuit for allegedly making false and/or misleading statements and/or failing to disclose that it continued to produce engines with unlawful emission defeating devices from 2019 to 2023.
The company is accused of understating its legal and regulatory risk, and overstating its commitment to environmental protection.
On December 22, 2023, Cummins disclosed that it had reached an agreement in principle with the United States and State of California to pay a $1.675 billion penalty to settle claims that it violated the Clean Air Act.
The company's stock fell $7.01, or 2.87%, to close at $236.99 on December 22, 2023, following the announcement.
Shareholders who incurred losses when false and/or misleading statements or the omission of material information by Cummins led to artificial inflation of the company's stock have until March 15, 2024 to file lead plaintiff applications in the securities class action lawsuit.