Daimler Case Update (January 2020): DRRT/TILP action filed in regional court in Stuttgart, Germany seeking €900 million in damages

Last year, we spotlighted the Daimler AG opt-in recovery opportunity for investors brought forward by two groups of organizers – DRRT/TILP and Rotter – click here for the case spotlight.

On December 30, 2019, lawyers from TILP, representing more than 200 institutional investors that held Daimler stock from July 10, 2012 to July 20, 2018, filed in regional court in Stuttgart, Germany.

IN THE NEWS

• Investors seek $1 billion from Daimler over emissions scandal (subscription may be needed)
• Daimler investors seek €900m in damages over diesel scandal (subscription may be needed)

UPDATE

This action, the first filed by TILP, still needs to make its way through the Germany court system. The complaint will now be served on the defendant with a deadline for a statement of defense. They plan to bring an additional action against Daimler on behalf of additional harmed investors later this year.

Learn More

FRT has issued the following alerts to FRT Global Group Litigation clients:

  • Update Alert: June 2019
  • Full Alert: September 2018

For more information on this case or FRT Global Opt-In Litigation service, please contact us at learnmore@frtservices.com.

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About FRT

SETTLED CLAIMS  I  PASSIVE GROUP  I  ANTITRUST  I  FUTURE CLAIMS  I  OPT-IN MONITORING  I  OPT-OUT MONITORING

Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

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