[dereg]

Regarding Germany and large corporations, and somewhat of a tangent, I remember a decade ago a bunch of hedge funds had tried to sue Porsche, the parent company of VW, for cornering the market for VW’s open interest and cause the mother of all short squeezes.

They tried the case in New York but it got thrown out for lack of jurisdiction. They did try the case in Germany, but Porsche had fittingly cornered the market for the best and biggest law firms. All of the best law firms refused to take the case because it would mean that they’d be essentially blacklisted by the largest companies in Germany for bringing a case against a German company.

It’s taken a decade, but I now see a pattern.