Successful opt-out strategy in DaimlerChrysler Litigation led to highly favorable (confidential) recovery for our clients relative to class settlement for Glickenhaus & Co. and corporate affiliates

Case Abstract
Following Lowey Dannenberg's advice, the second largest stockholder at time of merger opted out of a class action and pursued independent claimseeking a fair price for shares.

Client
Glickenhaus & Co. and corporate affiliates.

Case Name
DaimlerChrysler AG Securities Litigation.

Result
Successful opt-out strategy in DaimlerChrysler Litigation led to highly favorable (confidential) recovery for our clients relative to class settlement.

Case Details
Representating Glickenhaus & Co., a major registered investment advisor and, at the time, the second largest stockholder of Chrysler, in a non-class securities lawsuit against DaimlerChrysler AG. Successful implementation of the firm's opt-out strategy led to a confidential recovery far exceeding that received by other class members.