NEW YORK, NY / ACCESSWIRE / June 10, 2016 / Pomerantz LLP announces that a class action lawsuit has been filed against Daimler
AG ("Daimler" or the "Company") (OTC: DDAIY; DDAIF) and certain of its officers. The class action, filed in United States District
Court, Central District of California, and docketed under 16-cv-03412, is on behalf of a class consisting of all persons or
entities who purchased or otherwise acquired Daimler securities between February 22, 2012 and April 21, 2016 inclusive (the "Class
Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under
the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased Daimler securities during the Class Period, you have until June 28, 2016 to ask the Court
to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this
action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who
inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.
[Click here to join this class action]
Daimler, through its subsidiaries, develops, produces, distributes, and sells passenger cars, vans, trucks, and buses
worldwide.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the
Company's business, operational and compliance policies. Specifically, Defendants issued false and misleading statements about
Daimler's compliance with emissions standards and Daimler's purported eco-friendly BlueTEC diesel engines.
On September 21, 2015, post-market, Transport & Environment published an article entitled "VW's cheating is just the tip of the
iceberg", compiling emissions data from "respected testing authorities around Europe", and finding that Daimler's Mercedes-Benz
("Mercedes") division might sell cars that produce illegal levels of emissions by using an illegal defeat device.
On this news, shares of DDAIF fell $5.38 per share or approximately 7% from its previous closing price to close at $74.30 per
share on September 22, 2015, and shares of DDAIY fell $5.44 per share or approximately 7% from its previous closing price to close
at $74.01 per share on September 22, 2015, damaging investors.
On February 18, 2016, a press release was issued announcing the filing of a class-action lawsuit against Mercedes alleging,
among other things, that Mercedes knowingly programmed its diesel vehicles to emit illegal, dangerous levels of NOx.
On this news, shares of DDAIF fell $2.08 per share or approximately 3% over the next two days to close at $70.54 per share on
February 19, 2016, and shares of DDAIY fell $2.27 per share or approximately 3% over the next two days to close at $70.40 per share
on February 19, 2016, damaging investors.
On February 28, 2016, Reuters published an article entitled "EPA requests information from Mercedes-Benz over emissions levels",
announcing that the EPA had requested information from Daimler in response to the class-action lawsuit. On each of these
disclosures, Daimler shares fell sharply, damaging investors.
On this news, shares of DDAIF fell $0.41 per share from its previous closing price to close at $67.97 per share on February 29,
2016, and shares of DDAIY fell $0.44 per share from its previous closing price to close at $67.81 per share on February 29, 2016,
damaging investors.
On April 7, 2016, Hagens Berman issued a press release announcing that it amended the class-action lawsuit against Mercedes
alleging, among other things, that Mercedes BlueTEC vehicles likely contain a "defeat device".
On this news, shares of DDAIF fell $3.76 per share or approximately 5% from its previous closing price to close at $67.86 per
share on April 7, 2016, and shares of DDAIY fell $1.10 per share or approximately 2% from its previous closing price to close at
$67.58 per share on April 7, 2016, damaging investors.
On April 21, 2016 during aftermarket hours, Daimler issued a press release entitled "Daimler conducts internal investigation
regarding its certification process related to exhaust emissions in the United States," announcing that Daimler is investigating
"possible indications of irregularities" regarding its certification process of exhaust emissions in the United States at the
request of the US Department of Justice.
On this news, shares of DDAIF fell $3.76 per share or approximately 5% over the next two trading days to close at $67.86 per
share on April 7, 2016, and shares of DDAIY fell $1.10 per share or approximately 2% over the next two trading days to close at
$67.58 per share on April 7, 2016, damaging investors.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in
the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of
the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the
Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of
fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class
members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
