Fiat Chrysler to pay $110 million to settle U.S. investor suit

Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show.

The company said in a statement on Monday it “continues to vigorously deny the allegations of wrongdoing made in this lawsuit” and said the settlement is “completely covered by the company’s insurance.”

Investors sued in 2015, charging that the company misled them by asserting that Fiat Chrysler was in compliance with vehicle safety regulations and that the company under-reported its reserves for the cost of recalls.