Porsche Hedgefund Litigation Reaches Yet Another Court in Germany

Oberlandesgericht_Celle,_Schloßplatz_2,_Front_Aufschrift_Ernst_August_König_1840We have tracked the proceedings brought by investors against Porsche for damages allegedly suffered when Porsche attempted to take over Volkswagen over the last couple of years, and followed the journey of these claims through courts in London, New York, Frankfurt, Stuttgart, Braunschweig and Hannover. Now, at least a substantial part of these proceedings ended up in yet another German court, namely in the Court of Appeals (Oberlandesgericht) Celle. Continue reading

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Changes to U.S. Discovery Rules: The New FRCP 26(b)(1)

Ted Folkman of Letters Blogatory has a “major conceptual change” to the rules on discovery in the United States to report:

European readers, who love to hate U.S. pretrial discovery—this one is for you. Absent action by Congress, on December 1, 2015, an amendment to Federal Rules of Civil Procedure (FRCP) 26 adopted by the Supreme Court will go into effect. The main change concerns the scope of permissible pretrial discovery. Continue reading

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Hedge Funds vs. Porsche: Litigation Gravitates to Hannover

In a decision today, the Braunschweig district court (Landgericht) has transferred two cases* brought by hedge funds investors against Porsche to the Hannover district court. The claimants are pursuing damages claims against Porsche related to Porsche’s attempt to take over Volkswagen.       Continue reading

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IBA Annual Litigation Forum: Challenges of Corporate Litigation in a Global Economy, Paris, April 15-17, 2015

This year’s IBA Litigation Forum will be held at the Maison du Barreau in Paris on April 15-17, 2015.  The early registration discount expires on March 6, 2015. I plan to be there, and hope to meet some readers as well! The topics will include: Continue reading

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