Jan 3, 2012

Investment groups file $2.6B suit against Porsche over VW takeover bid

Investment groups file $2.6B suit against Porsche over VW takeover bid

The Volkswagen takeover of Porsche may look like a slam-dunk, but a group of investment funds is hoping to change that. Bloomberg reports that the investment group has filed a lawsuit in Stuttgart, Germany, seeking $2.6 billion in damages. The group's issue traces back several years earlier to when Porsche attempted to take over the infinitely larger VW.

Autoblog, Investment groups file $2.6B suit against Porsche over VW takeover bid

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