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Auto News Articles - Court Upholds Kerkorian Ruling in DaimlerChrysler Suit
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Court Upholds Kerkorian Ruling in DaimlerChrysler Suit
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Source: CNBC
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Date:9/20/2007
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Source Link: Click Here |
A federal appeals court upheld a Delaware judge's rejection of billionaire investor Kirk Kerkorian's claims that he was defrauded in the 1998 merger of DaimlerBenz and Chrysler.
A three-judge panel of the 3rd U.S. Circuit Court of Appeals also affirmed a $556,000 sanction against DaimlerChrysler for the late production of documents, an error that abruptly forced the halt of a 13-day bench trial in December 2003.
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