USA: Both sides claim victory as Kerkorian case testimony ends - 2004-02-12
Testimony in a trial over one of the most significant deals in automotive history was concluded on Wednesday with both sides claiming victory in a legal battle focusing on whether German motor industry head Juergen Schrempp lied about the actual nature of the 1998 linkup between Daimler-Benz and Chrysler, Reuters reported.
The courtroom showdown, which began in December, was prompted by a fraud lawsuit brought by investor Kirk Kerkorian, a billionaire casino mogul who claims he was duped into believing the creation of DaimlerChrysler from Chrysler and Daimler-Benz was a merger rather than a takeover.
Read the full story at just-auto.com