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Porsche dodges €1.2bn bullet with court ruling

An important court victory in the VW legal wrangle with hedge funds could prove a step change for Porsche

Porsche has emerged victorious in yet another lawsuit regarding its aborted takeover of Volkswagen seven years ago. The Higher Regional Court of Stuttgart has dismissed a claim for damages against Porsche SE by US plaintiffs that were seeking €1.2bn (US$1.3bn) in damages stemming from losses they incurred resulting from Porsche's failed attempt to acquire Volkswagen in 2008.

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