SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholder with Losses on their Investment in Daimler AG of Class Action Lawsuit and Upcoming Deadline - DDAIY -DDAIF

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.

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SOURCE Pomerantz LLP