Hedge Funds Sue Porsche over Options

Porsche is being sued by more than 25 German hedge funds relating to its failed bid to takeover VW.  Among the plaintiffs in the suit against Porsche are Glenhill Capital LP, Viking Global Equities LP, and  Greenlight Capital Inc.

In March, 11 US hedge funds dropped their claims against Porsche. The claims are based on Porsche's failed takeover of VW more than 4 years ago with investors claiming Porsche failed to adequately notify them of its plans.Two top executives were with market manipulation over the issue.

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