Stuttgart, 19 September 2012. The Regional Court of Braunschweig today dismissed actions for damages against Porsche Automobil Holding SE, Stuttgart, in the two cases (5 O 1110/11 and 5 O 2894/11). The plaintiffs in the two cases filed claims for damages totaling around 4.7 million euro.
Porsche SE welcomes the first-instance Regional Court of Braunschweig's judgments, and considers that its legal opinion has been vindicated. Porsche SE believes the damage claims filed by various speculators to be without merit and considers the claims pending in the USA to be legally insufficient and without merit.