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April 30, 2010

The number of hedge funds suing family-controlled automaker Porsche for market manipulation and fraud in 2008 has risen to 35.

The number of hedge funds suing family-controlled automaker Porsche for market manipulation and fraud in 2008 has risen to 35.

The plaintiffs released a joint statement yesterday stating 18 new hedge funds had joined the litigation against Porsche Automobile Holding SE and two former executives, Wendelin Wiedeking and Holger Haerter, accusing them of lying over their intentions towards Volkswagen. 

January 26, 2010

Four American hedge funds are suing Porsche, the family-controlled sports carmaker, for more than $1 billion in a lawsuit filed in New York yesterday.

Four American hedge funds are suing Porsche, the family-controlled sports carmaker, for more than $1 billion in a lawsuit filed in New York yesterday. 

January 18, 2010

Baron Helmut von Finck, an heir of the Merck Finck and Co private banking dynasty, is suing his two half brothers for breaching the terms of his father’s will.

Baron Helmut von Finck, an heir of the Merck Finck and Co private banking dynasty, is suing his two half brothers for breaching the terms of his father's will.

According to a report in UK newspaper the Independent on Sunday, Baron von Finck is contesting the 1990 sale of the bank to Barclays, claiming his father, August, stated the Germany-based bank should remain independent.
 

November 25, 2009

The British Banking Association (BAA) has criticised the Saudi authorities’ handling of the ongoing dispute between family-run conglomerates Saad Group and Ahmad Hamad Algosaibi and Brothers (AHAB).

The British Banking Association (BAA) has criticised the Saudi authorities' handling of the ongoing dispute between family-run conglomerates Saad Group and Ahmad Hamad Algosaibi and Brothers (AHAB).  

In a letter to the UK business minister Lord Davies, the BAA said the dispute is "doing enormous damage to the reputation of Saudi Arabia as a whole. What appears to have started as a family dispute is now bringing the whole business sector and Saudi system of corporate governance into disrepute."
 

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