Porsche Vs. Hedge Funds – It’s On!

Start booking your seats for the litigation fight of the year, because the hedge fund vs. Porsche melee is good to go!

We’ve been following the spat for some time now, and last week the hedge funds, just as the bankers and protesters did yesterday, started the sparring verbally, with big words, threats and mind games. They said they were “exploring what options might be open” and “intended to take Porsche to a world of pain” before growling theatrically into the camera. But they were being held back by Bafin, the German financial services watchdog, who were launching their own investigation.

Well, Bafin’s verdict has come back, and they saying, inexplicably, that Porsche did nothing wrong in artificially inflating the market for their gain. I thought this sort of light touch was being got rid of these days? Well, it leaves the hedge funds free to jump in the ring and try and tear chunks out of Porsche, litigiously speaking. Watch this space for a full bout report. Remember fellas, no eye gouging!

Posted by Ben Beaumont-Thomas in Hot Money | March 31, 2009 2:46PM |