December 23, 2020
Lead counsel in a class action brought by stockholders of Daimler AG will get $4.7 million in fees as part of a $19 million settlement to resolve claims that the company inflated its stock by using cheat devices to fool emissions tests.
September 22, 2020
A California federal judge on Tuesday granted preliminary approval of a $19 million deal between Daimler AG and its shareholders to settle class action claims that the company used cheat devices to fool emissions tests, inflating its stock and deceiving shareholders.
June 25, 2020
A California federal judge is asking Daimler AG and its shareholders for more information on a $19 million settlement intended to end claims the company inflated its stock by using cheat devices to fool emissions tests before she will grant preliminary approval of the deal.
April 30, 2020
A proposed shareholder class asked a California federal judge to approve a $19 million deal that would resolve claims that Daimler AG lied about cheating emissions tests for certain diesel vehicles, saying the settlement represented a "prompt and substantial tangible recovery."
May 31, 2017
Daimler AG must face investors' claims that it inflated stock prices by lying about using software to cheat emissions tests for certain diesel vehicles, a California federal judge said Wednesday as he denied most of the automaker's bid to throw out the proposed class action.
March 21, 2017
A proposed class of investors claiming Daimler AG lied about using software to cheat on emissions tests for certain diesel vehicles told a California federal court on Monday not to dismiss its case, arguing that U.S. courts have jurisdiction over the German company because it specifically targeted the U.S. market.
January 23, 2017
Daimler AG on Friday urged a California federal judge to toss a consolidated class action lawsuit accusing the automaker of misleading investors about its use of software to cheat emissions tests in certain Mercedes vehicles, saying the company does not have sufficient ties to the U.S.
July 28, 2016
A California federal judge has consolidated two class actions against Daimler AG over emissions testing "defeat devices" in certain Mercedes models and has approved Labaton Sucharow LLP as lead counsel.