Although former Porsche executives Wendelin Wiedeking and Holger Haerter have been somewhat cleared of the market manipulation accusations, a group of investment funds decided to pursue legal action against the two and Porsche, seeking to recover "over a billion dollars in losses suffered as Porsche SE attempted a takeover of Volkswagen AG in 2008."
The funds in question are saying Porsche and the two executives "repeatedly misled investors and lied about Porsche SE’s positions… (read more)