May 25, 2016

Caterpillar Inc. on Wednesday, May 25th, won preliminary approval for a $60 million settlement in a class action alleging that it sold bus engines with a defective anti-pollution system, with a New Jersey judge finding the amount fair and reasonable.

U.S. District Judge Jerome B. Simandle said in an order that, at least for now, he is OK with the terms of the deal but will hold a final approval hearing in September. 

The full article can be read here