York International Reaches Settlement with DOJ and SEC

    YORK, Pa., Oct. 2 /CNW/ -- York International today entered into a
deferred prosecution agreement with the U.S. Department of Justice (DOJ) and a
consent agreement with the U.S. Securities and Exchange Commission (SEC)
resolving issues related primarily to activities involving certain overseas
    The settlements include $22 million in fines, interest and the
disgorgement of past profits on the contracts.  The financial settlements are
not expected to materially impact the company as they have been fully provided
for in prior periods.  The investigation did not reveal any personal
misconduct by York senior officers.  The agreements with the DOJ and SEC also
provide for an independent consultant to monitor York's compliance with all
relevant laws.

For further information:

For further information: Tom Branigan of Branigan Communication, 
+1-414-224-0767, for York International

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