Porsche wins top court ruling on VW battle
million) annually, the commission said. 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 hedge funds including Viking Global Equities LP and Glenhill Capital LP, 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.