The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process
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The Manitowoc Company has reached a settlement with the U.S. EPA and DOJ over alleged violations of the Clean Air Act, agreeing to pay a $42.6 million penalty.
December 19, 2024 | 6:00 pm
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The Manitowoc Company has agreed to a $42.6 million settlement with the U.S. EPA and DOJ over alleged Clean Air Act violations. This settlement resolves issues related to the company's emissions certification and compliance process.
The settlement involves a significant financial penalty of $42.6 million, which could negatively impact Manitowoc's financials in the short term. The resolution of legal issues may provide some relief, but the immediate financial outlay is likely to weigh on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100