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Old 08-15-2014, 07:55 PM   #1
thstone
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Join Date: Nov 2010
Location: Los Angeles
Posts: 7,661
Porsche Lawsuit Over VW Shares Dismissed

Porsche was sued by hedge funds who lost millions when it became public knowledge that they had privately bought a majority of the open market shares of VW.

The case was dismissed on the basis that most of the deal occurred outside the US.

Had the financial crisis not intervened, Porsche would have took over VW.

Oh, and this is where all of the Panamera and Cayenne profits went - to buy VW, not into paying for the design of 991 and 981 as is so often repeated.

Porsche Prevails At US Appeals Court Over VW Short Squeeze - Business Insider

Read a short summary of the entire event here: Porsche and VW: What the Hell Happened? - Timeline of Events - Automobile Magazine
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Last edited by thstone; 08-15-2014 at 08:11 PM.
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