More Short Sellers Join Securities Suit Against Porsche

Law360, New York (April 29, 2010, 3:08 PM EDT) -- Eighteen investment funds have joined a lawsuit against German carmaker Porsche Automobil Holding SE that is seeking to recover more than $2 billion the plaintiffs allegedly lost as a result of Porsche's ill-fated attempt to take over Volkswagen AG in 2008.

An amended complaint filed Thursday in the U.S. District Court for the Southern District of New York added 18 new investment fund plaintiffs from six fund families: Canyon Capital Realty Advisors LLC, D.E. Shaw & Co. LP, Greenlight Capital Inc., Ironbound Partners LP, Royal Capital...
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