Report: U.S. hedge funds file lawsuit against Porsche, traders unconcerned
The plaintiffs include Greenlight Capital LP, Tiger Global LP, Glenhill Capital LP and Glenview Capital Partners LP among others.
Porsche has rejected the allegations as inadmissible and unsubstantiated. Some of the hedge funds included in this lawsuit were part of a similar filing that failed against the automaker last year. That lawsuit caused some concern about whether or not Porsche's merger with Volkswagen would sail on smooth seas, but thus far, at least, investors seem less concerned about the latest legal woes.
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