{"id":19818,"date":"2011-01-06T07:42:25","date_gmt":"2011-01-06T11:42:25","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=19818"},"modified":"2011-01-06T07:42:25","modified_gmt":"2011-01-06T11:42:25","slug":"porsche-wins-2-billion-hedge-fund-suit%e2%80%99s-dismissal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2011\/porsche-wins-2-billion-hedge-fund-suit%e2%80%99s-dismissal.html","title":{"rendered":"Porsche wins $2 billion hedge fund suit\u2019s dismissal"},"content":{"rendered":"<p>Market Crawl &#8211; A US federal judge dismissed a lawsuit by 10 hedge fund groups condemning German automaker Porsche SE of cornering the market in shares of Volkswagen AG, resulting in more than $2 billion of damages.<\/p>\n<p>US District Judge Harold Baer said that the funds, led by Elliott Associates and Black Diamond Offshore, possibly will not uphold securities fraud claims based on Porsche\u2019s alleged \u201cshort squeeze.\u201d\u00a0He cited a June ruling by the US Supreme Court, in Morrison v. National Australia Bank Ltd that constricted the capability of plaintiffs to use US courts to pursue claims involving non-US conduct.<\/p>\n<p><strong><a href=\"http:\/\/marketcrawl.com\/porsche-wins-2-billion-hedge-fund-suit%E2%80%99s-dismissal\/10570\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Crawl &#8211; A US federal judge dismissed a lawsuit by 10 hedge fund groups condemning German automaker Porsche SE of cornering the market in shares of Volkswagen AG, resulting in more than $2 billion of damages. US District Judge [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19818","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=19818"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19818\/revisions"}],"predecessor-version":[{"id":37483,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19818\/revisions\/37483"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=19818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=19818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=19818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}