Class Action Settlement Agreement Reached In Securities Class Action Lawsuit Filed Against Tracinda By Former DaimlerChrysler AG Shareholders
Tracinda will pay $8.1 million to settle a class action lawsuit against it by former DaimlerChrysler AG shareholders over Tracinda’s sale of 7.6 million shares of stock over a three-month period based on alleged confidential information that was passed on about the company’s declining cash flow, according to a class action settlement news report.
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