Daimler, Investors Get Court OK of $19 Million Diesel Settlement

Daimler AG and investors who accused it of misleading them about the true diesel emissions of its vehicles may move forward with their $19 million settlement after a federal judge in California granted preliminary approval.

The Mercedes-Benz maker and its investors reached a deal after four years of litigation, according to documents filed Tuesday in the U.S. District Court for the Central District of California. Daimler didn’t admit wrongdoing as part of the settlement.

The proposed class includes all those who acquired the German firm’s American Depositary Receipts or Global Registered Shares from Feb. 22, 2012, through April 21, 2016, ...