Porsche wins top court rul­ing on VW bat­tle

China Daily (Hong Kong) - - BUSINESS -

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.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.