{"id":51910,"date":"2016-03-21T08:52:02","date_gmt":"2016-03-21T12:52:02","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=51910"},"modified":"2016-03-21T08:52:02","modified_gmt":"2016-03-21T12:52:02","slug":"porsche-acquittals-may-portend-trouble-for-hedge-fund-suits","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/03\/2016\/porsche-acquittals-may-portend-trouble-for-hedge-fund-suits.html","title":{"rendered":"Porsche Acquittals May Portend Trouble for Hedge-Fund Suits"},"content":{"rendered":"

(Bloomberg) Former Porsche Chief Executive Officer Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter were acquitted of charges of manipulating Volkswagen AG shares during a failed takeover, a decision that may derail hedge-fund lawsuits seeking billions over the issue.<\/p>\n

The decision is a boost for Porsche, which is facing civil lawsuits by investors alleging that the pair had secretly plotted for months to acquire a majority in VW while misleading markets about the plan. The trial of the two former executives, which began in October, ended Friday with dismissive remarks by the judge who cited a long list of bad conclusions by prosecutors.<\/p>\n

To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Bloomberg) Former Porsche Chief Executive Officer Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter were acquitted of charges of manipulating Volkswagen AG shares during a failed takeover, a decision that may derail hedge-fund lawsuits seeking billions over the issue. The […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51910","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=51910"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51910\/revisions"}],"predecessor-version":[{"id":51911,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51910\/revisions\/51911"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=51910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=51910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=51910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}