NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Daimler AG (“Daimler”) American Depositary Receipts (“ADRs”) (OTC:DDAIF, DDAIY) of the June 28, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Daimler and certain officers.
The lawsuit has been filed in U.S. District Court for the Northern District of California on behalf of all who purchased or acquired Daimler ADRs between February 22, 2012 and April 21, 2016 (the “Class Period”). The case, Vancouver Alumni Asset Holdings Inc. v. Daimler AG, et al., No. 2:16-cv-02942 was filed on April 29, 2016.
The lawsuit focuses on whether Daimler and its executives violated securities laws by failing to disclose the inability of its BlueTEC diesel engines to comply with emissions standards.
Request more information now by clicking here: www.faruqilaw.com/DDAIF. There is no cost or obligation to you.
If you invested in Daimler ADRs and would like to discuss your legal rights, visit www.faruqilaw.com/DDAIF. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by e-mailing email@example.com. Faruqi & Faruqi, LLP encourages anyone with information regarding Daimler’s conduct to contact the firm.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
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