NEW YORK, May 4, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, notifies investors of class action against Daimler AG ("Daimler" or "the Company") (OTC: DDAIF, DDAIY). The class action has been filed on behalf of a class consisting of all persons or entities who purchased Daimler ADRs between February 22, 2012 through 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").
The complaint alleges that throughout the Class Period defendants issued false and misleading statements about Daimler's compliance with emissions standards and Daimler's purported eco-friendly BlueTEC diesel engines. On April 21, 2016, Daimler said that it is investigating at the request of the US Department of Justice "possible indications of irregularities" about its certification process of exhaust emissions in the United States. Following this news, DDAIF stock dropped $3.63 per share or over 5% to close at $70.85 per share and DDAIY stock dropped $3.83 per share or over 5% to close at $70.76 per share on April 22, 2016.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action, you can visit the firm's website: http://www.bgandg.com/#!daimler/to58x. To discuss this action, or if you have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Daimler you have until June 28, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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SOURCE Bronstein, Gewirtz & Grossman, LLC