Kerkorian Left Empty-Handed In DaimlerChrysler Case

Law360, New York (September 19, 2007, 12:00 AM EDT) -- It's the end of the line for billionaire Kirk Kerkorian's lawsuit against DaimlerChrysler, after an appeals court rejected his argument that Daimler-Benz and Chrysler purposely misled investors to believe that their 1998 merger would be a merger of equals.

In a precedential opinion handed down on Sept. 18, the U.S Court of Appeals for the Third Circuit affirmed a district court ruling that found that, despite the assertions of Kerkorian's investment company Tracinda Corp., “no written misrepresentation occurred in the proxy statement” issued by the companies...
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