Court dismisses investor lawsuits against Porsche

Wednesday's ruling by Braunschweig state court in northern Germany appears to strengthen Porsche's position, which still faces other court battles in connection with the 2008 takeover bid, German news agency dapd reported.

Two investors in the Braunschweig case had sought $6.1 million in damages claiming that Porsche published misleading information while it was secretly trying to take control of the much-larger Volkswagen.

Porsche's bid failed amid an unsustainable debt burden and the collapse of financial markets following the Lehman Brothers bankruptcy, eventually leading Volkswagen to take full control of Porsche.

Related listings

  • Court: Idaho woman can't challenge fetal pain law

    Court: Idaho woman can't challenge fetal pain law

    09/13/2012

    A federal appeals court on Tuesday ended an Idaho woman's challenge of a law banning some abortions that might cause fetal pain, saying she didn't have legal standing to contest it because she wasn't charged with that crime. The development came in a...

  • Lawyer: LaBelle settles suit over NYC lobby run-in

    Lawyer: LaBelle settles suit over NYC lobby run-in

    09/05/2012

    R&B diva Patti LaBelle has agreed to pay $100,000 to a Manhattan woman who accused her of hurling curses and water at her and her 18-month-old daughter during a dust-up over parenting in an apartment building lobby. Roseanna Monk and her husband, Kev...

  • Ga. county must $4 million to billboard firm

    Ga. county must $4 million to billboard firm

    09/05/2012

    A Georgia county has been ordered to pay more than more than $4 million in damages and attorney fees to a billboard company as part of its ongoing fight to keep billboards out of Atlanta's northern suburbs. The Atlanta Journal-Constitution reports th...

New Rochelle, New York Personal Injury Lawyers

If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.