The courtroom battle between DaimlerChrysler and investor Kirk Kerkorian all comes down to this: Were stockholders fooled, or just Daimler and Chrysler management? At issue is whether Daimler and Chrysler brass knowingly misled investors when they billed the tie-up between the two automotive giants as a “merger of equals.” Had it been characterized as a takeover of Chrysler by Daimler, as many now see it to be, stockholders likely would have enjoyed a bigger payoff – which is the crux ...

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