{"id":58384,"date":"2012-01-02T23:13:28","date_gmt":"2012-01-03T06:13:28","guid":{"rendered":"http:\/\/www.stokednews.com\/?p=58384"},"modified":"2012-01-02T23:13:28","modified_gmt":"2012-01-03T06:13:28","slug":"investors-hit-porsche-with-26b-lawsuit-over-failed-vw-takeover","status":"publish","type":"post","link":"http:\/\/www.stokednews.com\/?p=58384","title":{"rendered":"Investors hit Porsche with $2.6B lawsuit over failed VW takeover"},"content":{"rendered":"<p style=\"text-align: left;\">Though the start of a new year is traditionally a time to look to future, Porsche instead will be forced to relive a painful incident from the past as a a group of investment funds are seeking $2.6 billion in damages over the automaker\u00e2\u20ac\u2122s unsuccessful 2008 takeover attempt of Volkswagen.<\/p>\n<p style=\"text-align: left;\">Porsche gained control over the price of VW common stock as it secretly built enormous derivative positions covering almost all of VW\u00e2\u20ac\u2122s freely traded shares, then triggered a massive short squeeze, and finally released billions of euros worth of shares into the short squeeze for its own profit,\u00e2\u20ac\u009d read a statement from the investors.<\/p>\n<p style=\"text-align: left;\">\u00e2\u20ac\u0153The accusations are\u00c2\u00a0\u00c2\u00a0 &#8230;\u00c2\u00a0 <a href=\"http:\/\/www.leftlanenews.com\/investors-hit-porsche-with-2-6b-lawsuit-over-failed-vw-takeover.html\" target=\"_blank\">More<\/a><\/p>\n<p style=\"text-align: left;\"><a href=\"http:\/\/www.stokednews.com\">www.stokednews.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Though the start of a new year is traditionally a time to look to future, Porsche instead will be forced to relive a painful incident from the past as a a group of investment funds are seeking $2.6 billion in damages over the automaker\u00e2\u20ac\u2122s unsuccessful 2008 takeover attempt of Volkswagen. Porsche gained control over the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,11,25],"tags":[],"class_list":["post-58384","post","type-post","status-publish","format-standard","hentry","category-automobile","category-misc","category-sports-car"],"_links":{"self":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/58384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58384"}],"version-history":[{"count":2,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/58384\/revisions"}],"predecessor-version":[{"id":58386,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=\/wp\/v2\/posts\/58384\/revisions\/58386"}],"wp:attachment":[{"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58384"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.stokednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}