Tracinda v. DaimlerChrysler et al.: Federal District Court in Wilmington, Delaware Decides in Favor of DaimlerChrysler on all Cl
08 Avril 2005 - 12:27AM
PR Newswire (US)
Tracinda v. DaimlerChrysler et al.: Federal District Court in
Wilmington, Delaware Decides in Favor of DaimlerChrysler on all
Claims NEW YORK and STUTTGART, Germany, April 7
/PRNewswire-FirstCall/ -- DaimlerChrysler AG (NYSE:DCX) today said
that the U.S. District Court for the District of Delaware has
decisively ruled in favor of DaimlerChrysler in the securities
litigation Tracinda v. DaimlerChrysler et al. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO ) In his
opinion, Judge Farnan stated that, "in sum, the Court will enter
final judgment in favor of Defendants and against Tracinda on all
claims." Professor Jurgen E. Schrempp, Chairman of the Board of
Management, said: "We are pleased that the Court's decision
confirms, once and for all, that the Tracinda case lacked any merit
and that all claims against DaimlerChrysler relating to the 1998
merger were completely baseless." "We will continue to concentrate
our efforts on making this merger a great success by implementing
our strategy and optimizing our operations in the U.S., in Germany
and around the globe. We at DaimlerChrysler remain committed to
creating value for all of our shareholders." Professor Schrempp
continued. Further information from DaimlerChrysler is available on
the internet at: http://www.media.daimlerchrysler.com/
DaimlerChrysler Corporate Communications, Stuttgart (Germany),
Auburn Hills (USA), New York (USA)
http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGODATASOURCE:
DaimlerChrysler AG CONTACT: Hartmut Schick +49-711-17-93444, or
Thomas Froehlich, +49-711-17-93311, or Han Tjan +1-212-909-9063,
all for DaimlerChrysler AG Web site:
http://www.daimlerchrysler.com/
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