UPDATE 2-Porsche wins dismissal of US hedge fund lawsuit over VW

Newswire

* Hedge funds alleged Porsche engineered VW "short squeeze" * NY court says lawsuit did not belong in New York * Litigation pending in other courts By Jonathan Stempel NEW YORK, Dec 27 (Reuters) - Porsche Automobil Holding SE on Thursday won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares. ...

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