Cummins ($CMI) Investor Settlement
Cummins 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.
Frequently Asked Questions
All persons or entities who purchased publicly-traded Cummins Inc. common stock between February 11, 2019 and December 21, 2023, inclusive, and suffered compensable damages thereby.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
The final payout amount depends on your specific trades and the number of investors participating in the settlement.
If 100% of investors file their claims - the average payout will be $0.22 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.88 per share.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.