Lawsuit Against DaimlerChrysler Rejected

Associated Press 02.15.07, 5:34 AM ETA German court on Thursday rejected a lawsuit brought by DaimlerChrysler AG shareholders who claimed that the company did not announce in proper time that former chief executive Juergen Schrempp planned to resign.

The Stuttgart court ruled that the July 2005 announcement had been made in a timely way.

Schrempp was replaced as CEO by Dieter Zetsche.