Porsche

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Hedge fund lawsuit against Porsche dismissal appealed

In late December, a US District Judge in New York dismissed the multi-billion dollar lawsuit filed by Black Diamond Offshore and Elliott Associates LP against Porsche for the investing impact felt by their failed attempt to buy up a massive chunk of Volkswagen and not surprisingly, that dismissal has been appealed by Black Diamond and Elliot on the behalf of their 39 plaintiffs.

Falken Tire Partners with Walker Racing and ABC Will Broadcast Le Mans Series

Falken Tires of Fontana, Calif., has partnered with Walker Racing of Indianapolis, Indiana, for the 2011 American Le Mans Series. Falken is just coming off its first full-season championship effort in 2010. In related news, the American Le Mans Series will now be broadcast on ABC & ESPN.

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