12.01.2016
Porsche Automobil Holding SE DE000PAH0038
DGAP-News: Porsche Automobil Holding SE: Another Appeals Court dismisses claim against Porsche SE
DGAP-News: Porsche Automobil Holding SE / Key word(s): Legal Matter
Porsche Automobil Holding SE: Another Appeals Court dismisses claim against
Porsche SE
12.01.2016 / 11:01
The issuer is solely responsible for the content of this announcement.
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Another Appeals Court dismisses claim against Porsche SE
Legal opinion of Porsche SE again confirmed in second instance
Stuttgart, 12 January 2016. The Higher Regional Court of Braunschweig today
dismissed an appeal of a shareholder against a ruling of the Regional Court
of Braunschweig. In this ruling the Regional Court had dismissed a claim
for damages against Porsche Automobil Holding SE, Stuttgart ("Porsche SE").
This decision of the Higher Regional Court of Braunschweig again confirms
the legal opinion of Porsche SE after the Higher Regional Court of
Stuttgart dismissed a comparable claim in March 2015. In the current case,
the plaintiff had asserted a claim for around 132,000 euro of alleged
damages on grounds of deliberate immoral damage (record no. 7 U 59/14) and
had appealed against the dismissal of the claim in first instance by the
Regional Court of Braunschweig. Porsche SE welcomes the Higher Regional
Court of Braunschweig's decision. Leave to appeal on points of law to the
Federal Court of Justice (Bundesgerichtshof) was not permitted.
This is the second decision issued by a court of appeal in favor of Porsche
SE. The plaintiffs have thus failed in court with their allegations against
Porsche SE for a total of six times in a row. To date, none of the courts
seized have shared the legal opinion of the plaintiffs.
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12.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
Germany
Phone: +49 (0)711 911-11046
Fax: +49 (0)711 911-11819
E-mail: [email protected]
Internet: www.porsche-se.com
ISIN: DE000PAH0038
WKN: PAH003
Listed: Regulated Market in Berlin, Frankfurt (General Standard),
Munich, Stuttgart; Regulated Unofficial Market in
Dusseldorf, Hamburg, Hanover; Terminbörse EUREX
End of News DGAP News Service
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428389 12.01.2016
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