Court throws out hedge funds' suit against Porsche




A court in Stuttgart, Germany, has thrown out a €1.4 billion lawsuit against Porsche SE over the company’s failed attempt to take over Volkswagen,

the

Financial Times

reported.

The suit was filed by nearly 24 hedge funds, the report noted.

Porsche still faces about €4 billion in legal claims in Germany, and former company executives have been charged with market manipulation, the article said. (Source:

Financial Times,

March 18, 2014.)

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