Porsche: sore and sour

Sore losers or wronged players? Hedge funds that had shorted Volkswagen shares took a major beating in October, 2008. Porsche, the German car maker’s competitor, then revealed it was sitting on far more VW options than anyone had suspected. The VW share price ridiculously quadrupled in one day when funds scrambled to buy VW shares to cover their bets – and couldn’t find them. Now some of these investors are accusing Porsche of misleading investors in the months before that October surprise. They...