{"id":21268,"date":"2011-03-17T08:46:58","date_gmt":"2011-03-17T12:46:58","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21268"},"modified":"2011-03-17T08:46:58","modified_gmt":"2011-03-17T12:46:58","slug":"hedge-funds-say-porsche-cost-them-1-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2011\/hedge-funds-say-porsche-cost-them-1-billion.html","title":{"rendered":"Hedge Funds Say Porsche Cost Them $1 Billion"},"content":{"rendered":"<p>Courthouse News Services &#8211; Porsche &#8220;corner(ed) the market in VW stock&#8221; in a &#8220;massive short squeeze,&#8221; driving up the share price after inducing investors to sell short, costing other investors more than $1 billion, a group of hedge-fund traders claims in New York Supreme Court.<\/p>\n<p>Led by Glenhill Capital, the New York-based investors say Porsche was &#8220;unapologetic and astonishingly frank about how it intentionally misled investors,&#8221; and that they &#8220;lost more than $1 billion as a direct result of the fraud.&#8221;<\/p>\n<p><strong><a href=\"http:\/\/www.courthousenews.com\/2011\/03\/17\/34991.htm\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courthouse News Services &#8211; Porsche &#8220;corner(ed) the market in VW stock&#8221; in a &#8220;massive short squeeze,&#8221; driving up the share price after inducing investors to sell short, costing other investors more than $1 billion, a group of hedge-fund traders claims [&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-21268","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21268","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=21268"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21268\/revisions"}],"predecessor-version":[{"id":21270,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21268\/revisions\/21270"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}