Elliott Hedge-Fund Group Loses German Court Porsche Ruling

  • Funds sought right to gather evidence from prosecutors' files
  • Court upholds rulings that told funds they aren't victims

A group of hedge funds led by Elliott Associates LP lost a bid at Germany’s top court to gain access to prosecutors’ files for a civil lawsuit seeking 1.8 billion euros ($1.94 billion) in damages from Porsche Automobil Holding SE over market-manipulation allegations.

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