February 02, 2011
Hedge funds that attempted to recoup about $2 billion in losses from Porsche Automobil Holding SE's prospective takeover of Volkswagen AG have appealed a decision to toss their claims based on a key U.S. Supreme Court securities ruling.
September 02, 2010
German automaker Porsche Automobil Holding SE says a recent U.S. Supreme Court ruling blocks a lawsuit by hedge fund investors seeking to recoup more than $2 billion in losses stemming from Porsche's failed 2008 bid to take over Volkswagen AG.
April 29, 2010
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.