Kirk Kerkorian’s Tracinda Corp. will pay $8.1 million to settle a class action lawsuit by former DaimlerChrysler AG shareholders who claimed the billionaire investor sold shares in 1999 based on inside information.

The shareholders sued Kerkorian and his Tracinda investment company in 2003. They alleged that that James Aljian, who helped manage Tracinda’s investments and served on DaimlerChrysler’s shareholder committee board, passed confidential information about the company’s declining cash flow to Kerkorian in 1999.

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