UPDATE 1-Porsche faces more VW lawsuits after court win

Newswire

* New York court dismisses hedge fund lawsuit against Porsche * Court says New York not appropriate venue for suit * Other claims still pending FRANKFURT, Dec 28 (Reuters) - Porsche SE shares surged on Friday after it won a dismissal of a U.S. lawsuit by 26 hedge funds, one of several legal actions over its purchase of shares in Volkswagen, Europe's largest carmaker. Posche shares were trading 6.3 percent higher at 1009 GMT, but ...

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