Porsche Denies US Investors' Market Manipulation Allegations -Source
31 August 2010 - 11:35PM
Dow Jones News
German sports-car maker Porsche Automobil Holding SE (PAH3.XE)
will officially reject the claims filed by U.S. investment funds in
a New York court alleging market manipulation and securities fraud
related to its stake-building at Volkswagen AG (VOW.XE).
[Porsche] will demand to have the lawsuit dismissed and doesn't
regard the [New York] court as having authority, a person familiar
with the matter told Dow Jones Newswires Tuesday.
The deadline until which Porsche has to make a statement on the
allegations expires at midnight New York time.
-By Katharina Becker, Dow Jones Newswires; +49 69 29725 500;
djnews.frankfurt@dowjones.com
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