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25

Porsche Holding Wins Hedge Fund Lawsuit at German Top Court

By Tony Seruga

Plaintiffs sought damages over alleged market manipulation
Porsche Holding legal chief says pending cases to confirm view

Porsche Automobil Holding SE won a key legal victory in its effort to end years of litigation stemming from a failed attempt to take full control of Volkswagen AG in 2008.

Germany’s highest civil court dismissed an appeal by 19 hedge funds including Viking Global Equities LP, Glenhill Capital LP and David Einhorn’s Greenlight Capital Inc., Porsche Holding said Friday in a statement. The investors were seeking around 1.2 billion euros ($1.25 billion) in damages from alleged market manipulation triggered by short-selling transactions, swaps and options related to VW voting stock…

Porsche Holding Wins Hedge Fund Lawsuit at German Top Court

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