Step 1
Draft
Step 2
Unite with Fellow Investors
Step 3
Choose the Best Attorney
Step 4
Provide Documents
Step 5
Follow Case Progress
Step 6
Get Payout
CMI.US
id: 1035
Cummins ($CMI) Investor Settlement
Eligible claimants can submit their claims for compensation.
$1,600,000
Cash SettlementS.D. Indiana
Court1:25-cv-00430
Case number02/11/2019
Class period Start12/21/2023
Class period End04/23/2026
Claim deadlineCummins has reached a settlement with $CMI investors over claims it misled them on environmental compliance and hid illegal emissions-control devices in its engines.
Outline:
Cummins promoted its environmental compliance and emissions standards in public statements. Investors later alleged the company installed illegal defeat devices in certain engines. In December 2023, the DOJ announced a $1.6 billion penalty for Clean Air Act violations. After the disclosure and stock drop, investors filed suit, and the company later settled.
Timeline:
- 2019–2023: Cummins allegedly produced and sold engines with illegal emissions defeat devices.
- December 22, 2023: The DOJ announced a $1.6 billion civil penalty for Clean Air Act violations.
- December 22, 2023: $CMI fell about 2.87%, erasing over $990 million in market value.
- January 2024: Investors filed a securities class action lawsuit.
- December 2025: Cummins agreed to a settlement.
Background:
Cummins is a major manufacturer of diesel and natural gas engines used in trucks, industrial equipment, and power systems. The company has long promoted its commitment to environmental compliance and emissions standards.
Government investigations later focused on certain Cummins engines that allegedly contained defeat devices designed to bypass emissions controls. According to regulators, these devices allowed engines to reduce emissions during testing while emitting higher levels of pollutants during normal operation.
On December 22, 2023, the U.S. Department of Justice announced that Cummins would pay a $1.6 billion civil penalty to resolve Clean Air Act violations tied to these devices. Regulators stated the conduct harmed public health and the environment.
Following the announcement, $CMI declined about 2.87%, wiping out nearly $1 billion in market value. Investors later alleged that Cummins had misrepresented its regulatory compliance and understated legal and environmental risks.
What Can Investors Expect Now?
Cummins has reached a settlement with $CMI investors to resolve claims tied to statements about its environmental compliance and emissions practices.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Case Type
US Securities Class Action
Case Status
Accepting Claims
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.22
Filing date
01/15/2024
Lead Plaintiff Deadline
03/15/2024
Plaintiffs
Tom Baker
Attorneys
Rosen Law Firm
Defendants
N. Thomas Linebarger, Jennifer Rumsey, Mark A. Smith
Administrator
Strategic Claims Services
Settlement agreement date
2025-12-08
Court hearing date
05/21/2026
Exclusion deadline
04/23/2026
Objection deadline
04/23/2026
Attorney fee
$575,000
Trades matching type
FIFO
Frequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How long does the payout process take?
How much will my payment be?
How to get your payout?
What is 11th.com?
Trusted by industry leaders
Endorsed by top professionals who trust our innovative solutions to drive impactful results.