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. --------------------------------------------------------------------------- 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. --------------------------------------------------------------------------- 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, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 428389 12.01.2016