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Apr 20, 2005

DECIDING - USA - DaimlerChrysler wins fraud trial

UK -Transport News Network -Apr 2005: -- A court case against DaimlerChrysler has finished in the US with the court deciding that the automotive company did not mislead its shareholders as to the nature of Daimler-Benz's merger with Chrysler... The case was brought by Casino tycoon Kirk Kerkorian, at the time of the merger, Chrysler's biggest shareholder. He was pushing for $1.2bn in compensation as he claimed the deal between Daimler-Benz with Chrysler did in fact constitute a takeover of the US car company rather than the merger as announced... http://www.tnn.co.uk/Manufacturers/plonearticle.2005-04-08.0700359825

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