Porsche faces new $1 bln lawsuit by hedge funds

Archive for March 15th, 2011

Porsche faces new $1 bln lawsuit by hedge funds

By porsche on Tuesday, March 15th, 2011 | No Comments

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News Porsche Finance Porsche faces new $1 bln lawsuit Reuters – Several prominent hedge funds, including Greenlight Capital LP and Tiger Global LP, have filed a new lawsuit accusing German automaker Porsche SE (PSHG_p.DE) of cornering the market in shares of Volkswagen AG (VOWG_p.DE), causing more than $1 billion of losses. The lawsuit was filed [...]

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