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New trial begins in hedge funds vs. Porsche SE legal battle over ‘short squeeze’ losses

DW – The state court began hearing evidence on Monday in a case brought by 24 international hedge funds, led by New York-based Glenhill Capital, against Porsche SE.

According to the court, the funds were seeking damages to tune of 1.36 billion euros ($1.85 billion) from Porsche SE, the holding company that used to own a majority of the German luxury carmaker of the same name.

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