Weiss v. Mercedes-Benz of North America, Inc.


35,000

Class Members

$100,000,000

Settlement Fund

12-22-1994

Date

Case Description


Class Plaintiffs filed a claim alleging that Mercedes Inc. “committed common law fraud, breached an expressed warranty, breached an implied warranty, and made negligent representation”. In the resulting settlement, the class members were awarded freely transferable certificates whose value varied according to the model and year of each class member’s vehicle.

 

 

Co-lead Counsel for Plaintiffs:

Melvyn I. Weiss (Milberg Weiss Bershad Hynes & Lerach L.L.P.)

Patricia M. Hynes (Milberg Weiss Bershad Hynes & Lerach L.L.P.)

Robert A. Wallner (Milberg Weiss Bershad Hynes & Lerach L.L.P.)

Allyn Z. Lite (Goldstein Till & Lite L.L.P)
 

Counsel for Defendant:

Jerome J. Graham, Jr. (Ribis, Graham & Curtin)

George C. Jones (Ribis, Graham & Curtin)
 
Legal Documents

Court Information


Case #
93-cv-00096, 93-cv-00118
Case Type
Antitrust
Court Type
District Court
Jurisdiction
District of New Jersey
Judge
John W. Bissell
Industry
Automotive

CCC Performance


As the designated market maker, CCC worked to optimize the coupon market by buying the certificates that class members did not want to use and reselling them to customers that were in the market for the purchase or lease of a Mercedes vehicle.

 

  • Number of Certificates: 35,000
  • Purchased partial Mercedes-Benz class list of 4,500
  • 1,200 certificates bought and sold

 

 

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