![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Viking Holdings Ltd | NYSE:VIK | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.29 | 3.94% | 34.00 | 34.11 | 32.675 | 32.78 | 4,590,097 | 01:00:00 |
By Ilka Kopplin and Friedrich Geiger
STUTTGART, Germany--A German court Monday dismissed claims from several institutional investors against Porsche Automobil Holding SE for damages in connection with the acquisition of Volkswagen AG shares between 2005 and 2008.
Around two dozen hedge funds, including Viking Global Investors, Glenhill Capital and Greenhill, claimed a total EUR1.36 billion ($1.89 billion).
The lawsuit is one of several filed by investors against Porsche Holding in connection to the company's attempted takeover of German car maker Volkswagen. They accused Porsche of having provided inaccurate market information. In the event, the takeover attempt failed and Porsche Holding sold its sports-car making business to Volkswagen and became a major shareholder in the company.
The regional court in Stuttgart said it doesn't agree with the plaintiffs' allegation that Porsche Holding violated bonos mores, or moral practice. The parties can appeal the decision.
A Porsche spokesman said the ruling strengthens the company's view that claims in two similar lawsuits filed to courts in Brunswick and Hannover are also unfounded.
Write to Ilka Kopplin at ilka.kopplin@wsj.com and Friedrich Geiger at friedrich.geiger@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Viking Chart |
1 Month Viking Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions