BorgWarner, Plaintiffs Resolve Asbestos-Liability Reporting Securities Case

Mealey's (July 21, 2022, 9:29 AM EDT) -- DETROIT — A federal judge on June 22 granted preliminary approval to a settlement under which BorgWarner Inc. agreed to “significant” amendments to internal procedures, resolving shareholder claims stemming from the company’s reporting of asbestos liabilities and handling of stock repurchases and allegations of insider trading....