UPDATE 1-Funds sue Porsche in U.S. for $1 bln over VW

Newswire

* Lawsuit over attempted 2008 takeover of Volkswagen * Names former CEO Wiedeking and VP of Finance Haerter NEW YORK, Jan 25 (Reuters) - A group of investment funds sued Porsche SE and two of its former executives on Monday seeking to recover more than $1 billion in purported losses from Porsche's attempted takeover of Volkswagen AG in 2008. The lawsuit filed in Manhattan federal court alleged that Porsche Automobil Holding SE and former Chief Executive Officer Wendelin Wiedeking and ...

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