[0] Law Firm Pomerantz Haudek Block Grossman & Gross LLP Announces Class Action Lawsuit Against DaimlerChrysler.Business Editors & Legal Writers NEW YORK--(BUSINESS WIRE)--Jan. 3, 2001 The following is an announcement by the law firm of Pomerantz Haudek Block Grossman & Gross LLP LLP - Lower Layer Protocol : DaimlerChrysler Shareholders Have Until Monday January 29, 2001 to Seek Appointment as Lead Plaintiff, Says the Pomerantz Firm According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Pomerantz Haudek Block Grossman & Gross LLP (which has filed a class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax against Daimler-Benz AG ("Daimler-Benz), DaimlerChrysler AG ("DaimlerChrysler" or the "Company") (NYSE NYSE See: New York Stock Exchange : DCX DCX DaimlerChrysler Ag (stock symbol) DCX Dixie Chicks (American country rock band) DCX Multipage PCX (file extension/format) DCX Double Convex DCX Double Charge Exchange ) and certain other defendants (including officers and directors of the Company) on behalf of all those persons or entities who exchanged their Chrysler Corporation ("Chrysler") securities for DaimlerChrysler securities pursuant to the merger between Daimler-Benz and Chrysler (the "Class Period"), shareholders have until Monday January 29, 2001 to seek appointment by the Court one of the lead plaintiffs in this action. The lawsuit alleges that during the Class Period, defendants engaged in securities fraud by issuing a series of material misrepresentations and omissions arising from Daimler-Benz's acquisition of Chrysler in 1998. In particular, the Complaint accuses defendant Jurgen Schrempp (chairman of DaimlerChrysler) with orchestrating a plan to mislead mis·lead tr.v. mis·led , mis·lead·ing, mis·leads 1. To lead in the wrong direction. 2. To lead into error of thought or action, especially by intentionally deceiving. See Synonyms at deceive. shareholders into approving the merger. Defendants allegedly assured shareholders that as part of a "merger of equals," Daimler-Benz and Chrysler would operate as two equal companies with Chrysler's management remaining in control of Chrysler's operations. Instead, defendants allegedly never intended Chrysler run as an independent and co-equal operation. News regarding the deception eventually caused the price of DaimlerChrysler stock to decline sharply. If you are a member of the Class, you have until January 29, 2001 to ask the Court to appoint you as one of the lead plaintiffs for the Class. In order to serve as lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action or have any questions, please contact Andrew G Andrew Jonas Günsberg (born 1974), popularly known as Andrew G, is an Australian television and radio presenter who is best known as the co-host of the reality series Australian Idol. He was also the compere of Network Ten's game show The Con Test. . Tolan, Esq. of the Pomerantz firm at 888-476-6529 (or (888) 4-POMLAW), toll free, or at agtolan@pomlaw.com by e-mail. Those who inquire in·quire also en·quire v. in·quired, in·quir·ing, in·quires v.intr. 1. To seek information by asking a question: inquired about prices. 2. by e-mail are encouraged to include their mailing address and telephone number. CONTACT: Andrew G. Tolan, Esq. of Pomerantz Haudek Block Grossman & Gross LLP, 888-476-6529 ((888) 4-POMLAW) or agtolan@pomlaw.com |
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