Suit accuses Fiat Chrysler, CEO of securities fraud

Washington — A federal judge in New York will decide soon which shareholder to appoint in a class-action securities fraud suit lodged against Fiat Chrysler Automobiles NV, its CEO Sergio Marchionne and chief financial officer Richard Palmer.

The suit was filed against the company in September after the automaker agreed to a $105 million settlement with the National Highway Traffic Safety Administration to settle charges it mishandled nearly two dozen recalls covering 11 million vehicles.

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