BRIEF-Porsche wins dismissal of hedge funds' lawsuit in New York over alleged Volkswagen short squeeze

Newswire

Dec 27 (Reuters) - Porsche Automobil Holding SE : * Wins dismissal of U.S lawsuit brought by hedge funds over Volkswagen AG trades -- New York court ruling * New York state appeals court in Manhattan says Porsche met its "heavy burden" of showing that the lawsuit did not belong in New York * Appeals court reverses lower court ruling that had allowed the hedge funds' lawsuit to proceed

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