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Fiat Chrysler to Pay $110 Million to Settle Investor Lawsuit

  • Automaker says class settlement to be covered by insurance
  • Investors sued in 2015 claiming misleading disclosures
Jeep and Dodge vehicles are displayed for sale at a Fiat Chrysler Automobiles (FCA) car dealership in Moline, Illinois, U.S., on Saturday, July 1, 2017.
Jeep and Dodge vehicles are displayed for sale at a Fiat Chrysler Automobiles (FCA) car dealership in Moline, Illinois, U.S., on Saturday, July 1, 2017.Photographer: Daniel Acker/Bloomberg
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Fiat Chrysler Automobiles N.V. agreed to pay $110 million to resolve claims that the automaker misled shareholders about diesel emissions and its failure to comply with U.S. regulations, according to a court filing.

A group of investors accused Fiat Chrysler of falsely claiming that it was complying with safety regulations and said they lost money when shares lost value after the company disclosed that it failed to properly carry out vehicle recalls. The settlement, on behalf of a class of investors who bought shares from Oct. 13, 2014 to May 23, 2017, must be approved by a federal judge.