German Court Nixes 2 Investor Suits Over Porsche's VW Deal

Law360, New York (September 19, 2012, 7:04 PM EDT) -- A German judge threw out two investor lawsuits Wednesday that were lodged at Porsche Automobil Holding SE over losses related to alleged misrepresentations over its 2008 bid to take over Volkswagen AG.

The suits, in which a private investor sought damages of €3.1 million ($4.06 million) and an investment company sought €1.57 million, were dismissed after the court ruled that Porsche had not grossly misrepresented its motives and that it could not be held liable for Volkswagen's stock fluctuations, according to a statement issued by the...
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