UPDATE 1-Porsche plaintiffs suffer setback to $5 bln claims


* Judge sees "high hurdles" to prove Porsche wrongdoing * Ruling on two German cases scheduled for September 19 * Porsche hails hearings as "step in the right direction" (Adds comments from judge, background) By Andreas Cremer BERLIN, June 27 (Reuters) - Investors suing Porsche SE over its botched 2008 takeover of Volkswagen suffered a setback to claims for more than 4 billion euros ($4.99 billion) of damages as German court hearings on Wednesday exposed initial cases as sketchy. Swiss ...

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