France Hits Daimler With New Insider Trading Probe

Law360, New York (February 10, 2011, 2:39 PM EST) -- Daimler AG announced Thursday that French investigative judges had opened an insider trading probe related to the German automaker's stock in aerospace company EADS NV, the same claims of which the country's markets regulator had cleared Daimler last year.

In a statement, Daimler spokesman Florian Martens said the investigation came as a surprise. The French Financial Markets Authority, or AMF, had cleared Daimler in 2010 following a “long and and extensive investigation,” he said.

“We are therefore confident that this new process will be resolved in...
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