High Court Gives Kerkorian Appeal Cold Shoulder

Law360, New York (March 18, 2008, 12:00 AM EDT) -- The U.S. Supreme Court has refused to hear an appeal by private investment firm Tracinda Corp. and its executives Kirk Kerkorian and James Aljian, who face a putative class action by investors claiming they were harmed by the executives' alleged insider trading of DaimlerChrysler shares.

The high court declined the case, without comment, on Monday.

Christopher L. Nelson of Schiffrin Barroway Topaz & Kessler, LLP, a lawyer for the plaintiffs, said he was not surprised by the Supreme Court's denial. He said his clients are eager...
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