Reuters – UK hedge funds are unlikely to follow U.S. funds in suing Porsche, because they are striving to reach a compromise in Europe over tough new rules for the industry, industry sources said.
On Monday a group of U.S. funds alleged market manipulation during Porsche’s attempted takeover of Volkswagen when it revealed in October 2008 it controlled about three quarters of VW’s voting stock, triggering a vicious short squeeze that hurt short-sellers.
