August 07, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Daimler AG (OTCMKTS:DDAIF) shares over potential securities laws violations by Daimler AG and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Daimler AG (OTCMKTS:DDAIF) concerning whether a series of statements by Daimler AG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 25, 2017, a lawsuit was filed in U.S. District Court for the District of New Jersey against Porsche AG, Volkswagen AG, Audi AG, BMW AG, and Mercedes-Benz USA, alleging violations of federal antitrust laws.

Specifically, the complaint alleges that since 2006, the carmakers conspired 'to share commercially-sensitive information and reach unlawful agreements' in order 'to impose a German automobile premium on consumers premised on superior German engineering, while secretly stunting incentives to innovate.'

Then on July 28, 2017, a similar complaint was filed in U.S. District Court for the Northern District of California, and another complaint was filed in the District of New Jersey.

Shares of Daimler AG (OTCMKTS:DDAIF) declined to $69.33 per share on July 31, 2017.