A PYMNTS Company

Germany: Cartel court takes on $2.6B suit against Porsche

By  |  June 19, 2013

A case seeking damages against Porsche SE has been moved to a cartel court in Germany, according to reports. The $2.6 billion suit against the car company was initiated by investors within Germany and the US alleging that the company deliberately manipulated shares in 2008 after the company failed to take over competing company Volkswagen Group. The saga resulted with VW actually buying out Porsche. It was announced Wednesday that the Braunschweig Regional Court would transfer the case to the tribunal, based in Hanover, due to its ability to hear antitrust cases.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Automotive News Europe

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.