UK hedge funds unlikely to sue Porsche-sources

Newswire

* Will not follow U.S. funds * U.S. funds alleged market manipulation in "short squeeze" * UK at critical time in EU regulation process LONDON, Jan 26 (Reuters) - UK hedge funds are unlikely to follow U.S. funds in suing Porsche , because they are striving to reach a compromise in Europe over tough new rules for the industry, industry sources said. On Monday a group of U.S. funds alleged market manipulation during Porsche's attempted takeover of Volkswagen when it revealed in October ...

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