The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Scott + Scott, LLC Announces Last Two Days to Sign With Firm as Shareholder in Class Action Lawsuit Filed Against DaimlerChrysler, Inc.

This Lawsuit is on Behalf of Foreign Purchasers of DaimlerChrysler AG Stock Between November 17, 1998 and November 17, 2000 - DCX

COLCHESTER, Conn., July 24 -- The law firm of Scott + Scott, LLC announces that it entered its appearance on July 14, 2004 in a case against Daimler Chrysler AG. This securities fraud action is on behalf of all persons or entities who are NOT citizens or residents of the United States and who purchased or acquired securities of Daimler Chrysler AG between November 17, 1998 and November 17, 2000. These securities must have been purchased or acquired on any securities exchange NOT based in the United States.

In 2000, a separate securities class action lawsuit was filed on behalf of foreign and domestic investors against DaimlerChrysler (the "2000 lawsuit") pertaining to the same allegations at issue in this action. DaimlerChrysler AG recently settled the 2000 lawsuit for $300 million. Foreign investors were excluded from the class settlement, and therefore will not receive any of the $300 million recovered. Scott + Scott is litigating to obtain a monetary award on behalf of these foreign investors.

With two days (2) left to sign with the firm, you can contact the firm by e-mailing nrothstein@scott-scott.com or nrothstein@aol.com about this matter. You can also fax information to 619/296-9770. You can reach a Scott + Scott attorney directly at 619/251-0887. Scott + Scott, LLC entered its appearance in a class action lawsuit that was filed in the United States District Court for the District of Delaware against defendants DaimlerChrysler AG, Daimler- Benz AG and various of DaimlerChrylser's top executives for securities fraud in violation of the federal securities laws on May 24, 2004. The lawsuit was filed on behalf of non-United States citizens and non-United States residents ("foreign investors") who owned shares of Chrysler that were converted to DaimlerChrysler AG shares during the 1998 merger of the companies and such persons who purchased or otherwise acquired shares of DaimlerChrysler AG, Inc. ("DaimlerChrysler" or the "Company") during the period from on or about November 17, 1998 through November 17, 2000, inclusive (the "Class Period"), and were damaged thereby.

The lawsuit charges that Defendants misrepresented the nature of the 1998 merger between Daimler-Benz AG and the Chrysler Corporation. According to plaintiffs, defendants framed the transaction as a "merger of equals", rather than an acquisition, in order to avoid paying an "acquisition premium". Plaintiffs' Complaint alleges that Defendants made this representation to Chrysler shareholders in the Registration Statement, Prospectus, and Proxy, leading 97% of Chrysler shareholders to approve the merger. The Complaint further alleges that the Defendants made various misrepresentations after the merger to further their scheme.

If you are a foreign investor who bought or otherwise acquired shares of DaimlerChrysler AG over a non-United States based exchange between November 17, 1998 and November 17, 2000 and sustained damages, you may, no later than July 25, 2004, contact Scott + Scott to sign with the firm as a class shareholder or possibly be a lead plaintiff. As there are only two days away, you may contact an attorney directly at 619-251-0887. Or you may contact by e-mail. Information can then be e-mailed or faxed directly to you. There are no fees or costs in obtaining this information.

Scott + Scott, LLC, a Connecticut-based law firm with offices in Ohio and California, is a law firm with a national practice and reputation. Scott + Scott has dedicated itself to client communication and satisfaction. The firm is currently litigating major securities, antitrust and employee retirement plan cases throughout the United States and represents pension funds, charities, foundations, individuals and other entities worldwide -- in both class and non-class cases. Please visit our website at http://www.scott-scott.com/ to learn more about the firm, its practice and other cases. If you wish to discuss this action with an attorney or have any questions concerning this notice, your rights or any matter within our expertise, please contact attorney Neil Rothstein at nrothstein@scott-scott.com or by calling 1/619-251-0887. The regular numbers are as follows: 1/800-404-7770 (EDT) or 1/800-332-2259 (PDT). You can dial direct in California at 1/619-233-4565. Scott + Scott, LLC is located at 108 Norwich Avenue, Colchester, CT 06415; phone: 860/537-3818; fax: 860/537-4432. This release is issued in accordance with the applicable federal law of the United States. The firm is presently also litigating matters against Yukos Oil, Halliburton, ImClone, Royal Dutch/ Shell Petroleum and more.