It could be next year before DaimlerChrysler AG finds out whether a federal judge will order it to pay billionaire shareholder Kirk Kerkorian as much as $3 billion in damages.
The decision, over whether Kerkorian was duped into approving the automaker's 1998 merger, had been expected during the fourth quarter.
Neither side has received any indication that a ruling is coming this year from U.S. District Court Judge Joseph Farnan Jr. of Delaware.
Kerkorian's lawsuit against DaimlerChrysler went to trial last December in Wilmington, Del. The trial ended in February.
Meanwhile, another shareholder has sued Kerkorian, charging insider trading.
DaimlerChrysler shareholder Donald Johnson alleges that Kerkorian benefited financially from privileged information he got after the merger.
The lawsuit was filed in U.S. District Court for the Central District of California. It claims that Kerkorian aide James Aljian received confidential information about impending cash troubles at the company in 1999. The lawsuit alleges that Aljian told Kerkorian.
The billionaire then sold 7.6 million shares before the public received news of the trouble, the lawsuit claims.
The sale earned Kerkorian more than $661 million before the stock's price dropped.
In August, U.S. District Judge Florence-Marie Cooper ruled that Johnson could proceed with a class-action lawsuit. But she dismissed Johnson's charges of securities fraud, saying the statute of limitations for that had passed.
Kerkorian's lawsuit alleges that Chrysler Corp. and Daimler-Benz AG lulled him into supporting Chrysler's takeover by falsely portraying it as a friendly merger.
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