![\"AP](\"http:\/\/static.businessinsider.com\/image\/4b60ac220000000000906cf8\/ap-porsche1.jpg\")
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Four American hedge fund managers are suing Porsche for $1 billion for repeatedly lying about their intention to take over VW, AutoCar reports.<\/a><\/p>\n Elliott Associates, Glenhill Capital Management, Glenview Capital Management and Perry Capital, who were shorting VW stock<\/a>, claim they lost more than $1 billion after being caught by surprise in October of 2008 when Porsche announced they had a 75% stake in VW<\/a>.<\/p>\n Other VW investors could reportedly join the lawsuit, increasing the amount of claims to “as much as $10 billion.” <\/p>\n Read the whole thing here.<\/a><\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n Four American hedge fund managers are suing Porsche for $1 billion for repeatedly lying about their intention to take over VW, AutoCar reports. Elliott Associates, Glenhill Capital Management, Glenview Capital Management and Perry Capital, who were shorting VW stock, claim they lost more than $1 billion after being caught by surprise in October of 2008 […]<\/p>\n","protected":false},"author":813,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-243656","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/243656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/813"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=243656"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/243656\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=243656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=243656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=243656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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