Porsche plaintiffs suffer setback

Investors suing Porsche over its botched 2008 takeover of Volkswagen suffered a setback to claims for more than €4bn (£3.2bn) of damages as German court hearings yesterday exposed initial cases as sketchy. Swiss investment company My Capital-MC and a German private investor are seeking compensation for €4.7m of losses from short-selling VW shares in a bet that the price would fall.