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      08-20-2009, 03:05 PM   #1
NewSong
Just another jerk in a hat...
 
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Exclamation Porsche HQ raided

http://www.bloomberg.com/apps/news?p...d=aJ8lEucwoSgM

Quote:
Porsche SE, the sports-car maker being bought by Volkswagen AG, was raided by German prosecutors in an investigation of possible violations of securities law and market manipulation.

Officials seized documents from the Stuttgart headquarters this morning, Porsche said in a statement. The carmaker said it rejects the allegations and is cooperating with German authorities. BaFin, the regulator, handed a complaint to the prosecutor’s office after a probe into Porsche’s attempt to gain control of VW, said Anja Engelland, an agency spokeswoman. BaFin also is examining movements in VW securities in “recent days.”
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He brought me up also out of a horrible pit, out of the miry clay, and set my feet upon a rock, and established my goings.

And he hath put a new song in my mouth.
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