Porsche Faces New EU500m Suit Over VW Options Strategy
2015-05-13 09:57:49.907 GMT
By Karin Matussek and Chris Reiter
(Bloomberg) -- Case was filed in Braunschweig and was
linked to request to have it bundled with other cases under
German class-action law, Porsche CEO Martin Winterkorn says at
AGM.
* Porsche regards suit and class-action motion as baseless:
Winterkorn
* Suit was filed in February for 32 institutional investors
from “all over the world”: Andreas Tilp, lawyer for
plaintiff, says in e-mail
* Case may be moved to Hanover soon: Tilp
* NOTE: Tilp also represents plaintiffs groups in two other
cases seeking EU2.1b combined where he also sought to link
suits under German class-action law
* NOTE: Ex-Porsche inhouse lawyer testified in related case
last week, denied VW options disclosure was ill-intended
For Related News and Information:
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To contact the reporter on this story:
Karin Matussek in Berlin at +49-30-70010-6218 or
kmatussek@bloomberg.net
To contact the editor responsible for this story:
Anthony Aarons at +44-20-3525-2227 or
aaarons@bloomberg.net
2015-05-13 09:57:49.907 GMT
By Karin Matussek and Chris Reiter
(Bloomberg) -- Case was filed in Braunschweig and was
linked to request to have it bundled with other cases under
German class-action law, Porsche CEO Martin Winterkorn says at
AGM.
* Porsche regards suit and class-action motion as baseless:
Winterkorn
* Suit was filed in February for 32 institutional investors
from “all over the world”: Andreas Tilp, lawyer for
plaintiff, says in e-mail
* Case may be moved to Hanover soon: Tilp
* NOTE: Tilp also represents plaintiffs groups in two other
cases seeking EU2.1b combined where he also sought to link
suits under German class-action law
* NOTE: Ex-Porsche inhouse lawyer testified in related case
last week, denied VW options disclosure was ill-intended
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Karin Matussek in Berlin at +49-30-70010-6218 or
kmatussek@bloomberg.net
To contact the editor responsible for this story:
Anthony Aarons at +44-20-3525-2227 or
aaarons@bloomberg.net