Porsche boss not worried about U.S. lawsuit

Newswire

FRANKFURT, Feb 24 (Reuters) - The chief executive of Porsche is not worried about a U.S. lawsuit filed by a group of investment funds against the luxury carmaker for alleged securities fraud. "It is probably not possible to drag us before a U.S. court," Michael Macht told journalists in Stuttgart on Wednesday evening. He said Porsche does not have any manufacturing facility in the United States. A group of U.S. funds filed a complaint with a New York court in January, alleging market ...

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