Investors Have Filed Further Lawsuits Against Daimler

In essence - as with the numerous lawsuits against the VW group and its parent company Porsche SE - the allegation that the markets were informed too late about the financial consequences of the diesel affair. As a result, the Daimler shares that investors bought were far too expensive at the time. Daimler rejects the allegations. "We consider the lawsuits to be unfounded and will defend ourselves against the allegations using all legal means," said a Daimler spokesman. as well as the VW and PSE cases. The Dax group also rejects the accusation of the authorities that they used an illegal exhaust technology in the diesel vehicles from Mercedes-Benz. However, the carmaker says it is cooperating with the authorities and installing a software update on hundreds of thousands of vehicles. The recalls and various procedures have already cost the company billions. At the end of October, the Federal Court of Justice wants to deal with a Daimler case for the first time. But this is about compensation for car owners, not for investors. In a dispute with investors in the United States who had filed a class action lawsuit, the parties have now reached a settlement. It stipulates that Daimler will pay $ 19 million (16 million euros) to resolve the dispute.