RPT-Funds sue Porsche for 2 bln euros over VW 'short squeeze'

Newswire

(Repeats to add additional reporting line) FRANKFURT, Dec 31 (Reuters) - A group of investment funds is seeking nearly 2 billion euros ($2.60 billion) in compensation from Porsche Automobil Holding SE for losses incurred in a "short squeeze" as Porsche attempted to take over larger rival Volkswagen AG in 2008. A spokesman for Porsche rejected the complaint, which follows other cases against it that have so far been unsuccessful. "The accusations mentioned are not new and we reject them," ...

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