Hedge funds appeal dismissed $2 bln suit vs Porsche

Newswire

CHICAGO, Jan 29 (Reuters) - A group of hedge funds led by Elliott Associates and Black Diamond Offshore Ltd appealed the dismissal of their $2 billion lawsuit against German automaker Porsche SE. The hedge funds filed notices of their appeal in Manhattan federal court late on Friday. The hedge funds had claimed the Stuttgart-based carmaker deliberately deceived the market as to its intentions to acquire Volkswagen , publicly denying plans to take over the company while quietly buying ...

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