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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Securities Class Action

A securities class action lawsuit was filed against DaimlerChrysler in May 2002 over the 1998 merger that formed the company. The plaintiffs alleged the companies issued false and misleading statements regarding the nature of the transaction. The statements assured investors the transaction would be a “merger of equals” when, according to the plaintiffs, the companies intended to turn Chrysler into a division of the merged company. In August 2003, DaimlerChrysler agreed to settle the lawsuit for $300 million.

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement Notice
10/6/2003
Contractors Involved Penalty
Total
Daimler AG $300,000,000
Further Information Released
Settlement Notice 6/16/2007

Federal Contractor Misconduct Database