Automakers

Porsche SE wins dismissal of $5B case linked to VW saga

VW Porsche
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By:
Bloomberg
September 30, 2022 12:47 PM

Porsche Automobil Holding SE won the dismissal of lawsuits from hedge funds seeking about 5.4 billion euros ($5.3 billion) in damages they say they incurred during Porsche’s failed takeover of Volkswagen Group more than a decade ago.

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