BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of individuals who purchased Daimler AG (“Daimler” or the “Company”) (OTC: DDAIF, DDAIY) American Depositary Receipts (ADRs) between February 22, 2012 and April 21, 2016, inclusive (the “Class Period”). Daimler investors have until June 28, 2016 to file a lead plaintiff motion.
Investors who have suffered losses on their Daimler investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
The complaint alleges that throughout the Class Period, Daimler issued false and misleading statements concerning the Company’s compliance with emissions standards and the supposedly eco-friendly BlueTEC diesel engines.
On April 21, 2016, the Company stated that, at the request of the U.S. Department of Justice, it would investigate "possible indications of irregularities" concerning its certification process of exhaust emissions in the United States. On this news, shares of both DDAIF and DDAIY fell over 5% on April 22, 2016, thereby injuring investors.
If you purchased Daimler ADRs during the Class Period you may move the Court no later than June 28, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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