Daimler knew in advance Schrempp would go -watchdog

Newswire

FRANKFURT, Jan 23 (Reuters) - DaimlerChrysler knew nearly three weeks before an official announcement that former Chief Executive Juergen Schrempp was likely to step down, Germany's financial regulator BaFin has determined. The finding is outlined in a letter obtained by Reuters that BaFin sent in 2005 to Stuttgart prosecutors. It has a bearing on lawsuits filed by investors who say they lost money by selling DaimlerChrysler shares just before news Schrempp would leave. The surprise ...

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