If at first you don't succeed, sue, sue, again. US Hedge funds sue porsche, again, for $1 billion

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If at first you don't succeed, sue, sue, again. US Hedge funds sue porsche, again, for $1 billion
db997S - Wednesday, 16 March, 2011, at 9:54:58 am

even though a judge tossed a similar $2 billion suit back in December. This stems from losses suffered from Porsche trying to take over VW.

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Re: If you were backing Porsche in the takeover....
Toms - Thursday, 17 March, 2011, at 12:38:02 am

Then you take the fall out when it doesn't work out.

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What Possible grounds could they have?
IFlyLow - Thursday, 17 March, 2011, at 9:03:20 am

Hedge funds are basically gambles on the future, right? Sometimes gambles lose eye popping smiley

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Vaguely, Porsche has some responsibility under law to divulge its intentions in some areas....
MarcW - Thursday, 17 March, 2011, at 3:22:00 pm

under some circumstances. All companies do.

IIRC, the hedge funds law suits are based on the argument Porsche didn't do what it was supposed to by law, and what is worse in fact offered misleading information to hide its true intent, divert attention from its true intent to among other things keep the VW stock price from going through the roof as people jumped on board to capitalize on what Porsche was trying to do.

Sincerely,

MarcW.

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