Skip to main content

porsche lawsuit

  • 0
    Report: Former Porsche boss Wiedeking won't face criminal charges over VW bid
    1398697260

    Hedge fund managers have been suing Porsche for years now, alleging that the car company lied about its intentions during its failed attempt to take over Volkswagen, a gambit that caused them billion in losses. Over the same period, authorities in Stuttgart built a criminal case against former ...

  • 0
    Report: $1.4B hedge fund suit against Porsche dismissed
    1395243060

    Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the ...

  • 0
    Report: Porsche again staring down another $1.8B in hedge fund lawsuits
    1368631800

    The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued ...

  • 0
    Report: Investment groups file $2.6B suit against Porsche over VW takeover bid
    1325630640

    The Volkswagen takeover of Porsche may look like a slam-dunk, but a group of investment funds is hoping to change that. Bloomberg reports that the investment group has filed a lawsuit in Stuttgart, Germany, seeking $2.6 billion in damages. The group's issue traces back several years earlier to ...

  • 0
    Report: U.S. hedge funds file lawsuit against Porsche, traders unconcerned
    1300311600

    A group of New York hedge funds have filed suit against Porsche for cornering the market on Volkswagen stock, according to Reuters. The lawsuit claims that the German automaker caused $1 billion in losses by discreetly buying up every freely traded share of Volkswagen stock in an attempt to take ...

  • 0
    Man sues Circuit City after joyriding employee damages Porsche
    1237555800

    It's a toss-up when trying to figure out what's more stupid, joyriding employees or a Porsche owner who thinks Circuit City is the best place to perform an audio installation on a 911 Turbo. Luke Liang left his 2008 911 Turbo at the Bridgewater, New Jersey Circuit City store for audio system work, ...

Loading

Loading
Autoblog iPhone App
Shop for a vehicle