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POAHY Porsche Automobile Holding SE (PK)

4.70
0.01 (0.21%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Porsche Automobile Holding SE (PK) USOTC:POAHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.01 0.21% 4.70 4.65 4.75 4.71 4.67 4.69 418,270 21:20:00

Porsche Denies US Investors' Market Manipulation Allegations -Source

31/08/2010 2:35pm

Dow Jones News


Porsche Automobile (PK) (USOTC:POAHY)
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German sports-car maker Porsche Automobil Holding SE (PAH3.XE) will officially reject the claims filed by U.S. investment funds in a New York court alleging market manipulation and securities fraud related to its stake-building at Volkswagen AG (VOW.XE).

[Porsche] will demand to have the lawsuit dismissed and doesn't regard the [New York] court as having authority, a person familiar with the matter told Dow Jones Newswires Tuesday.

The deadline until which Porsche has to make a statement on the allegations expires at midnight New York time.

-By Katharina Becker, Dow Jones Newswires; +49 69 29725 500; djnews.frankfurt@dowjones.com

 
 

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