Welcome to the DaimlerChrysler AG Securities Litigation Website

DaimlerChrysler AG Securities Litigation
Help-line telephone number: 1(877) 824-4406

The In re DaimlerChrysler AG Securities Litigation applies to all persons or entities who are not Foreign Investors ("Foreign Investors" are Persons who purchased or acquired their shares of Chrysler and/or DaimlerChrysler on or through a securities exchange not based in the United States, unless such Person is a citizen or a resident of the United States), and who exchanged shares of Chrysler Corporation for shares of DaimlerChrysler AG in connection with the November 1998 business combination of Chrysler Corporation and Daimler-Benz AG or who purchased or acquired shares of DaimlerChrysler AG in the open market from November 13, 1998 through November 17, 2000 (the "Class Period"). If you are a Class Member, you ultimately may be entitled to receive benefits pursuant to the proposed Settlement. The proposed Settlement for the Class is a cash payment of Three Hundred Million United States Dollars (the "Settlement Amount"). Lead Counsel will apply to the Court for an award of attorneys' fees not to exceed 22.5% of the Settlement Amount. In addition, Lead Counsel will seek reimbursement of expenses from the Settlement Amount not to exceed $ 4,400,000.00, which was advanced or incurred in connection with prosecution of the Action.

Summary of the Settlement
The Second Amended Class Action (the "Complaint") alleges that all Defendants violated the federal securities laws by issuing the allegedly materially false and misleading Proxy/Prospectus. The Complaint further alleges that Defendants violated the federal securities laws as a result of their responsibility for other publicly disseminated documents alleged to have perpetuated the misrepresentation that the Merger was a "merger of equals".

The Defendants have denied and continue to deny that they have committed or attempted to commit any wrongful act or violation of law, and contend that they have acted properly and lawfully at all times.

The proposed settlement for the DaimlerChrysler AG Securities Litigation has not been approved. There will be a Settlement Hearing held on December 5, 2003 at 1:00 p.m. to consider the proposed Settlement, the proposed Plan of Allocation, the application for an award of attorneys' fees, reimbursement of expenses and to determine if the proposed Settlement is fair, reasonable and adequate to the Class Members.

How to Obtain a Share of the Settlement Fund
In order to be eligible to receive any distribution from the Settlement Amount, you must complete and sign a Proof of Claim and Release form and send the form, together with valid documentation, postmarked on or before March 31, 2004, to In re DaimlerChrysler AG Securities Litigation, c/o The Garden City Group, Inc., Claims Administrator, P.O. Box 9000 #6155, Merrick, NY 11566-9000.

You may obtain copies of the Notice of Pendency and Settlement of Class Action, and the Proof of Claim and Release form from this website or you may call our Help-line at the Toll-free number provided above to have a packet mailed to you.