Top Cummins Execs Hid Emissions Cheat Scheme, Investor Suit Says

Cummins Inc.’s directors and top executives allegedly concealed the company’s compliance issues from investors, allowing emissions standards violations while lulling investors into a false sense of security, according to a shareholder derivative suit.

The engine manufacturer allegedly touted its commitment to environmental responsibility and regulatory compliance, as well as financial reporting transparency, but failed to live up to those commitments and repeatedly violated federal and state environmental laws, according to the complaint filed Jan. 19 in US District Court for the Southern District of Indiana.

Cummins executives and directors enabled the company’s scheme to bypass those regulations by issuing ...