986 Forum - for Porsche Boxster & Cayman Owners

986 Forum - for Porsche Boxster & Cayman Owners (http://986forum.com/forums/)
-   Boxster General Discussions (http://986forum.com/forums/boxster-general-discussions/)
-   -   Porsche Lawsuit Over VW Shares Dismissed (http://986forum.com/forums/boxster-general-discussions/53698-porsche-lawsuit-over-vw-shares-dismissed.html)

thstone 08-15-2014 07:55 PM

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


All times are GMT -8. The time now is 08:24 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0
Copyright 2018 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website