US: Hedge funds appeal court’s Porsche VW share ruling

Hedge funds Black Diamond Offshore and Elliott Associates LP are appealing a court dismissal of their lawsuits against Porsche, reports Bloomberg. The companies, representing a total of 39 funds, have claimed that Porsche Automobil Holding SE misled short-sellers regarding its acquisition of Volkswagen shares in 2008, costing cost hedge funds Subscribe to Automotive World to … Continued

• By Webmaster
• February 1, 2011