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Porsche SE Agrees with Hedge Funds to End N.Y. Litigation

4Traders – Porsche Automobil Holding SE┬ásaid Thursday it and plaintiffs in a case before the New York State Supreme Court have entered into an agreement to terminate all proceedings before the court.

As part of the agreement, the plaintiffs will waive any appeal of the decision of the Appellate Division of the New York State Supreme Court dismissing their complaints, while Porsche SE has agreed not to raise any statue of limitations defense with respect to claims filed by plaintiffs before a court in Germany within 90 days.

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