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Hedge Funds File New Mega Lawsuit Against Porsche

WSJ – Luxury Italian sports car maker Porsche is facing a new lawsuit linked to its failed takeover bid for Germany’s Volkswagen.

An additional 25 hedge funds, including David Einhorn’s Greenlight Capital, Viking Global Equities and Glenhill Capital, are suing Porsche in German courts demanding damages of $1.8 billion. The new suits join a number of earlier suits that seek a total of $5.2 billion in damages, Bloomberg notes.

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