Investigation and pending class action against Mercedes-Benz USA on behalf of individuals and entities who purchased or leased Mercedes-Benz automobiles, containing analog-based Tele Aid equipment, from authorized dealers.
The Tele Aid equipment provides communication, positioning and monitoring services for subscribers. The class action complaint alleges that Mercedes-Benz USA installed analog-based Tele Aid equipment in its automobiles and touted Tele Aid as an important safety feature, even though it knew that the equipment would cease to function as of January 1, 2008. Thus, it is alleged that Mercedes-Benz USA intentionally concealed this information from its consumers.
Name (Stock Symbol)
Mercedes-Benz, a subsidiary of Daimler AG, manufacturers automobiles and vans.
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