"Caterpillar Reaches $60 Million Settlement in Class Action Over Alleged Engine Defects," Legal Newsline

A settlement has been reached in a class action lawsuit alleging Caterpillar Inc. engines equipped with exhaust emission control systems failed to work reliably, costing owners thousands.

Judge Jerome Simandle of the U.S. District Court for the District of New Jersey, who is overseeing the case, recently signed an order preliminarily approving a settlement worth $60 million.

The full article can be read here.