January 27, 2010

Porsche sued for ONE BEEEEEEELLION Dollars!

A group of American hedge funds who had shorted VW stock is suing Porsche for ....acting like a hedge fund.

Axis Financial Division analysis: this will go nowhere, hedge funds losing money playing their own game will get no sympathy, especially in Europe.

Read the all about it in Autocar

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  1. so - they're concerned that they lost a lot of money - so they're going to spend tons more going toe-to-toe with one of the largest companies in the world? Genius!

  2. I do admin in this indusrty, trust me, there's nothing as desperate as a hedge fund going down: mis-marking securities, BS lawsuits, slow-pays and SPV's to screw over redeming investors, all quite normal...


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