US: Former employees sue Daimler for pension losses

Former Chrysler and DaimlerChrysler employees have filed a class action lawsuit against Daimler AG and Cerberus Capital Management LLP for loss of supplemental pensions during Chrysler’s bankruptcy and reorganisation, reports Detroit News. Daimler owned Chrysler until 2007, when it sold it to Cerberus. More than 450 former employees and managers Subscribe to Automotive World to … Continued

• By Webmaster
• September 13, 2010