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DaimlerChrysler Securities Litigation
The DaimlerChrysler AG Securities Litigation applies to all
persons or entities who are not Foreign Investors ("Foreign
Investors" are Persons who purchased or acquired their
shares of Chrysler and/or DaimlerChrysler on or through a
securities exchange not based in the United States, unless
such Person is a citizen or a resident of the United
States), and who exchanged shares of Chrysler Corporation
for shares of DaimlerChrysler AG in connection with the
November 1998 business combination of Chrysler Corporation
and Daimler-Benz AG or who purchased or acquired shares of
DaimlerChrysler AG in the open market from November 13,
1998 through November 17, 2000 (the "Class Period").
If you are a Class Member, you ultimately may be entitled
to receive benefits pursuant to the proposed Settlement.
The proposed Settlement for the Class is a cash payment of
$300,000,000 United States Dollars (the "Settlement
Amount").
Summary of the Settlement
The Second Amended Class Action (the "Complaint") alleges
that all Defendants violated the federal securities laws
by issuing the allegedly materially false and misleading
Proxy/Prospectus. The Complaint further alleges that
Defendants violated the federal securities laws as a
result of their responsibility for other publicly
disseminated documents alleged to have perpetuated the
misrepresentation that the Merger was a "merger of
equals".
The Defendants have denied and continue to deny that they
have committed or attempted to commit any wrongful act or
violation of law, and contend that they have acted properly
and lawfully at all times.
Proof required for claim:
- Documentation of all shares exchanged in conjunction with the merger.
- Shares purchased between 11/13/98 through 11/17/00.
- Shares sold between 11/13/98 through 2/15/01.
- Documentation includes:
- Photocopies of brokers confirmation slips
- Copies of brokers monthly statements
- Schedules attached to tax filings
- Signed letters from Brokers giving all the info that would be on a confirmation slip
Request More Information or call (415) 392-5900
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