Investors Sue Daimler For $1B Over 'Dieselgate' Claims

Law360, London (January 7, 2020, 12:15 PM GMT) -- A German law firm representing more than 200 institutional investors in Mercedes Benz-maker Daimler AG said its clients are suing the company for €896 million ($1 billion) for allegedly misleading the market about excessive carbon emissions from its diesel cars.

Daimler, maker of Mercedes Benz cars, is being sued for €896 million ($1 billion) for allegedly misleading the market about carbon emissions. (AP) TILP Litigation Rechtsanwaltsgesellschaft mbH, which specializes in banking and capital markets law, said Tuesday it filed a suit against Daimler with a regional court in Stuttgart, Germany, on Dec. 30.

The lawsuit alleges that the company deliberately concealed...

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