When you go from billionaire to broke overnight, it usually means you're having a pretty bad day. You would think things couldn't get worse, but you'd be wrong. Just ask former billionaire Eike Batista, once Brazil's richest man. In 2013, after his EBX conglomerate fell apart and his oil firm OGX filed for Latin America's largest bankruptcy, …
Continue to the full articleShowing all results for:
Recent Posts from: court
Wiedeking and Härter Acquitted Of Market Manipulation Charges
The Regional Court of Stuttgart has acquitted the former members of the executive board of Porsche Automobil Holding SE, Stuttgart (Porsche SE), Dr. Wendelin Wiedeking and Holger Härter, of alleged market manipulation. In the opinion of the chamber of the Regional Court of Stuttgart responsible for economic offenses under Presiding Judge Dr. Frank …
Continue to the full articleWould Be Porsche Buyer Wins £35k From Dealer Who Took Deposit And Sold Car To Someone Else
Back in 2011, when Kevin Hughes got wind of Porsche's upcoming 911 GT3 RS 4.0 liter, he immediately phoned his local dealer (Porsche Centre Bolton) to place a £10k deposit in order to ensure his spot as first in line for any allocation the dealer might get. In fact, his deposit was confirmed by the salesman with an email stating, "I can confirm …
Continue to the full articleJudge Orders Billionaire’s Porsche Seized And Then Drives It Himself
Former billionaire Eike Batista was once Brazil's richest man. I say "once" because he is said to have lost nearly everything in 2013 after his EBX conglomerate fell apart and his oil firm OGX filed for Latin America's largest bankruptcy. Adding insult to injury, his Porsche Cayenne Turbo S, just one of a number of luxury vehicles he owned, was …
Continue to the full article
