{"id":33174,"date":"2012-12-28T01:28:21","date_gmt":"2012-12-28T06:28:21","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33174"},"modified":"2012-12-28T01:28:21","modified_gmt":"2012-12-28T06:28:21","slug":"porsche-wins-dismissal-of-hedge-fund-short-squeeze-lawsuit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2012\/porsche-wins-dismissal-of-hedge-fund-short-squeeze-lawsuit.html","title":{"rendered":"Porsche Wins Dismissal of Hedge Fund \u2018Short Squeeze\u2019 Lawsuit"},"content":{"rendered":"<p>NYT &#8211; A New York State appeals court dismissed a lawsuit brought by hedge funds against\u00a0Porsche\u00a0on Thursday, handing the German automaker a big victory in the long-running legal battle over its controversial takeover of\u00a0Volkswagen.<\/p>\n<p>The Appellate Division decided that the hedge funds lacked jurisdiction to bring a lawsuit in a New York State court, ruling that there was an inadequate connections between New York and the facts of the case. The opinion reverses a trial court ruling last summer that had upheld the action. The decision also mirrors a federal court ruling two years ago that bounced the hedge funds claim.<\/p>\n<p><a href=\"http:\/\/dealbook.nytimes.com\/2012\/12\/27\/porsche-wins-dismissal-of-hedge-fund-short-squeeze-lawsuit\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a> (subscription required)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYT &#8211; A New York State appeals court dismissed a lawsuit brought by hedge funds against\u00a0Porsche\u00a0on Thursday, handing the German automaker a big victory in the long-running legal battle over its controversial takeover of\u00a0Volkswagen. The Appellate Division decided that the [&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-33174","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33174","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=33174"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33174\/revisions"}],"predecessor-version":[{"id":37486,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33174\/revisions\/37486"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}