Cerberus - Daimler misrepresented Chrysler

Ahh, the schadenfreude! And what fun would a holiday be without at least a little bit of that?

Cerberus Capital, current owner of the business formerly known as Chrysler, is complaining Daimler AG fluffed the company too much before selling it. As if a private equity company like Cerberus has never done that itself when selling off a no-longer-wanted bit of flotsam, or that it's never been concerned enough to do due diligence when on the buying end.

Cerberus is talking lawsuit even as it and Daimler haggle about the Mercedes parent selling off the 20 percent of Chrysler it still owns.