Hedge Fund News From HedgeCo.Net

Porsche Says 12 More Hedge Funds Withdraw U.S. Appeal

Reuters – Porsche SE, the family-controlled holding company that owns a majority stake in carmaker Volkswagen AG (VOW), said an additional 12 hedge funds dropped a U.S. court appeal in a market manipulation suit.

A total of 24 funds have now withdrawn their appeal of an earlier court decision dismissing the case, the Stuttgart, Germany-based holding company said in a statement today. Eight plaintiffs continue to contest the ruling.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>