Law360, New York (January 19, 2012, 4:57 PM ET) -- A group of hedge funds on Thursday reportedly rejected a settlement offer from Porsche Automobil Holding SE aimed at ending a legal battle over $1 billion in losses related to a proposed takeover of Volkswagen AG, calling the offer too low.
The carmaker had made the offer in the low hundreds of millions of dollars subject to a condition that the hedge funds waive any possible future claims against the company, German publication Manager Magazin said.
Glenhill Capital LP, Greenlight Capital LP, Tiger Global LP and...
Porsche Offer To Settle $1B Suit Over VW Deal Rejected
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