Wabash National Announces End of Shareholder Litigation; Plaintiffs Voluntarily Withdraw Claims Under Rule 10b-5

Apr 17, 2001, 01:00 ET from Wabash National Corporation

    LAFAYETTE, Ind., April 17 /PRNewswire/ -- Wabash National Corporation
 (NYSE:   WNC) announced today the voluntary withdrawal of certain shareholder
 claims under Rule 10b-5 of the Securities and Exchange Act of 1934, and that
 it has reached an agreement that terminates the remaining elements of the
 shareholder litigation brought against the Company.  Under the agreement,
 which is subject to court approval, the Company will pay $500,000 into a fund
 from which purchasers of stock in the Company's 1998 public offering and who
 satisfy certain criteria will be entitled to recovery.  Unclaimed monies
 remaining in the fund, after attorney's fees and expenses are paid, will be
 returned to the Company.
     Commenting on the end of the litigation, Donald J. Ehrlich, Chairman,
 President and Chief Executive Officer stated, "The Company has maintained from
 the beginning that these claims were totally without merit and that we
 intended to vigorously defend the Company, its directors and officers.  It is
 unfortunate for the Company and our shareholders it took over two years for
 the matter to reach this favorable resolution.  Fortunately we can now say
 that this distraction has been put behind us so that we can move on."
     Wabash National Corporation designs, manufactures and markets standard and
 customized truck trailers under the Wabash and Fruehauf trademarks.  The
 Company believes it is the world's largest manufacturer of truck trailers, the
 leading manufacturer of composite trailers and through its RoadRailer(R)
 products, the leading manufacturer of bimodal vehicles.  The Company's wholly
 owned subsidiary, FTSI, is one of the leading retail distributors of new and
 used trailers and aftermarket parts, including its Fruehauf and Pro-Par(R)
 brand products with approximately 45 locations throughout the U.S. and Canada.
 
 

SOURCE Wabash National Corporation
    LAFAYETTE, Ind., April 17 /PRNewswire/ -- Wabash National Corporation
 (NYSE:   WNC) announced today the voluntary withdrawal of certain shareholder
 claims under Rule 10b-5 of the Securities and Exchange Act of 1934, and that
 it has reached an agreement that terminates the remaining elements of the
 shareholder litigation brought against the Company.  Under the agreement,
 which is subject to court approval, the Company will pay $500,000 into a fund
 from which purchasers of stock in the Company's 1998 public offering and who
 satisfy certain criteria will be entitled to recovery.  Unclaimed monies
 remaining in the fund, after attorney's fees and expenses are paid, will be
 returned to the Company.
     Commenting on the end of the litigation, Donald J. Ehrlich, Chairman,
 President and Chief Executive Officer stated, "The Company has maintained from
 the beginning that these claims were totally without merit and that we
 intended to vigorously defend the Company, its directors and officers.  It is
 unfortunate for the Company and our shareholders it took over two years for
 the matter to reach this favorable resolution.  Fortunately we can now say
 that this distraction has been put behind us so that we can move on."
     Wabash National Corporation designs, manufactures and markets standard and
 customized truck trailers under the Wabash and Fruehauf trademarks.  The
 Company believes it is the world's largest manufacturer of truck trailers, the
 leading manufacturer of composite trailers and through its RoadRailer(R)
 products, the leading manufacturer of bimodal vehicles.  The Company's wholly
 owned subsidiary, FTSI, is one of the leading retail distributors of new and
 used trailers and aftermarket parts, including its Fruehauf and Pro-Par(R)
 brand products with approximately 45 locations throughout the U.S. and Canada.
 
 SOURCE  Wabash National Corporation