Hedge Funds To Take Back The Night
Heads up to those of you considering making sweet rape to David Einhorn, L-Train, Richard Perry, Steve Cohen, et al-- do so at your own risk, because they will not be made victims! As you're aware, Porsche non-consensually fucked a gaggle of hedge funds back in October and now they're finally (maybe) standing up and saying this* is wrong and you're not going to get away with it.
Lawyers representing funds said they were working on a large number of cases, although they said many were still at an early stage and might never be filed.
Hedge funds are gathering under the auspices of their trade body, the Alternative Investment Management Association (Aima), which last week began consulting members to assess the level of interest in "exploring what options might be open" over VW losses.
[...]
A series of investors ranging from hedge funds to family offices is collecting material for possible damages claims against Porsche, lawyers said.
"Up to 20 investors could eventually claim damage in several jurisdictions," one adviser to those funds said.
Earlier: Know Your Porsche Volkswagen Victims
Funds Look At Suing Porsche [FT]
*Taking our money.
