UPDATE 2-DaimlerChrysler settles merger suit for $300 mln

Newswire

(Releads, adds analyst, lawyer, updates shares) By Mark Thompson FRANKFURT, Aug 22 (Reuters) - DaimlerChrysler AG said on Friday it would pay $300 million to disgruntled former Chrysler investors to settle a lawsuit linked to the 1998 merger that created the group but would fight similar claims. DaimlerChrysler said the plaintiffs were initially seeking $22 billion in damages in the class action at the district court in Delaware. It said a similar suit brought by Tracinda, the ...

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