Porsche, hedge funds agree VW case can be heard in Germany

Newswire

FRANKFURT, Jan 31 (Reuters) - Porsche SE and several hedge funds seeking damages from the Stuttgart-based financial holding agreed on Thursday that New York was the wrong place to pursue compensation, and left the door open to bringing a case in German courts. Porsche said it continued to believe that claims made against it are without merit, but signaled that legal woes tied to its botched takeover of Volkswagen are not yet over. "Porsche SE has agreed not to ...

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