Germany/USA: DaimlerChrysler to settle one post-merger class action lawsuit for $US300 million
DaimlerChrysler has agreed to settle a consolidated class action case pending in the United States District Court for the District of Delaware relating to the 1998 Daimler-Benz/Chrysler merger that created DaimlerChrysler. Subject to a definitive settlement agreement and to court approval, DaimlerChrysler will pay the class action plaintiffs $US300 million (about €275 million). The plaintiffs' initial claim was $22 billion.
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