NEW YORK, May 2, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Daimler AG ("Daimler" or the "Company") (OTCMKTS: DDAIF; DDAIY). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 237.
The investigation concerns whether Daimler and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
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 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 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.
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
Robert S. Willoughby
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SOURCE Pomerantz LLP