DaimlerChrysler AG agrees to a $300 million settlement with shareholders, ending a class-action lawsuit against the auto maker over the 1998 merger between Daimler-Benz AG and Chrysler Corp. The settlement does not cover the pending case by former Chrysler board member Kirk Kerkorian’s Tracinda investment company. In settling, DC says it still believes the case was “without merit.” The auto maker was concerned, however, that a jury could have awarded larger damages than the ...
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