Porsche Prefers Germany For $1B Investor Suit Over VW Deal

Law360, New York (November 29, 2012, 7:57 PM EST) -- Arguing that Germany is a more appropriate forum, Porsche Automobil Holding SE asked a New York state appeals court to dismiss a suit lodged by hedge funds over more than $1 billion in losses related to its 2008 takeover bid for Volkswagen AG.

Porsche argued that a lower court was wrong to not dismiss the suit in August on forum non conveniens, or the argument that the court can use its discretion to say Germany is the more appropriate forum since, among various reasons, both Porsche...
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