Porsche Automobil Holding SE (PAH3.XE) said Thursday it isn't in talks over a settlement with the U.S. investment funds which launched a $1 billion lawsuit against the German sportscar maker Monday related to Porsche's failed takeover bid for Volkswagen AG (VOW.XE).

"There is no contact with these funds," Porsche spokesman Albrecht Bamler told Dow Jones Newswires.

"We haven't been notified about this lawsuit yet," he said, reiterating the company "always acted according to capital market laws."

Daily Financial Times Deutschland reported earlier Thursday that Porsche was looking into reaching a settlement with the U.S funds, which include Elliott Associates LP, Glenhill Capital LP and Perry Partners LP. The funds accuse Porsche of market manipulation.

Company Web site: www.porsche-se.com

-By Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512; christoph.rauwald@dowjones.com
Porsche Automobile (PK) (USOTC:POAHY)
Graphique Historique de l'Action
De Juil 2024 à Août 2024 Plus de graphiques de la Bourse Porsche Automobile (PK)
Porsche Automobile (PK) (USOTC:POAHY)
Graphique Historique de l'Action
De Août 2023 à Août 2024 Plus de graphiques de la Bourse Porsche Automobile (PK)