Porsche wins dismissal of $5.3bn case linked to Volkswagen saga ...Qatar

Porsche Automobil Holding SE won the dismissal of lawsuits from hedge funds seeking about €5.4bn ($5.3bn) in damages they say they incurred during Porsche’s failed takeover of Volkswagen AG more than a decade ago. Institutional investors and private shareholders had pursued Porsche for compensation for losses they suffered in the trading of Volkswagen stock. German judges on Friday also rejected related suits against VW from investors who sought €2.3bn from the automaker because they say it failed to warn them about the alleged market manipulation. “The claims can’t be granted under no legal aspect whatsoever,” Judge Matthias Wiese said in court. The ruling goes back to the tumultuous epis

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