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BLECHNER v. DAIMLER-BENZ AG

No. CIV.A. 04-331-JJF.

410 F.Supp.2d 366 (2006)

Markus BLECHNER, Capital Invest, Die Kapitalanlagegesellschaft Der Bank Austria Creditanstalt Gruppe GmbH, and Erste-Sparinvest Kapitalanlagegesellschaft, m.b.H., individually and on behalf of all others similarly situated, Plaintiffs, v. DAIMLER-BENZ AG, Daimler Chrysler AG, Jurgen E. Schrempp, Eckhard Cordes, Manfred Gentz, Jurgen Hubbert, Manfred Bischoff, Kurt Lauk, Klaus Mangold, Heiner Tropitzch, Klaus-Dieter Vohringer, Dieter Zetsche, and Thomas Sonnenberg, Defendants.

United States District Court, D. Delaware.

January 24, 2006.

Attorney(s) appearing for the Case

Seth D. Rigrodsky, Milberg Weiss Bershad & Schulman, Wilmington, DE, for Plaintiffs Markus Blechner and Capital Invest, die Kapitalanlagegesellschaft der Bank Austria Creditanstalt Gruppe GmbH.

Gary F. Traynor, Prickett, Jones & Elliot, P.A., Wilmington, DE, for Plaintiff Erste-Sparinvest Kapitalanlagegesellschaft m.b.H.

Michael A. Barlow, Skadden, Arps, Slate, Meagher & Flom, Wilmington, DE, for Defendants.

OPINION

FARNAN, District Judge.

Pending before the Court is the Motion Of Defendants DaimlerChrysler AG And Daimler-Benz AG To Dismiss The Complaint (D.I.51). For the reasons discussed, the Motion will be granted.

I. Factual Background

The following facts are alleged in Plaintiffs' Complaint. In November 1998, Chrysler and Daimler-Benz merged to form DaimlerChrysler, a German corporation. (D.I. 1 at 2). Defendants, in...

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