LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming June 28, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Daimler AG (“Daimler” or the “Company”) (DDAIY) (DDAIF) securities 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.
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 shares, you may move the Court no later than June 28, 2016 to request appointment as lead plaintiff. 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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