Getting your player ready...
Porsche was sued by Viking Global Investors over claims the automaker’s attempted takeover of Volks wagen AG was an illegal stock-fraud scheme that cost the hedge fund at least $390 million.
The complaint against Porsche, filed Friday in federal court in Manhattan, follows a similar lawsuit by U.S.-based short sellers of VW stock who claim the sports-car maker secretly cornered the market in VW shares in 2008 and later cost them more than $1 billion in losses.
