December 01, 2020
An Illinois federal judge refused to hand either party a win Monday in a pair of Employee Retirement Income Security Act lawsuits by former Navistar executives demanding larger severance packages, sending to trial allegations that billionaire activist investor Carl Icahn's proxy war threats sparked severance-package-triggering board turnover.
March 20, 2018
A former vice president of truck engine manufacturer Navistar was struck a blow in Illinois federal court Monday in his fight for a larger benefits package after his termination when a federal judge found no evidence for his argument there was a "change in control" of the company prior to his exit.