12/21/12

Porsche Fires “Italian Torpedo” Over Failed VW Takeover, Former Execs Charged


Don’t worry, Porsche is not attacking Ferrari or Lamborghini. An "Italian torpedo" is lawyer slang for when someone files a lawsuit in a certain court while the other party does the same in a different country. Italian courts can take years to decide on jurisdiction, so the case stalls; hence the term.
That’s exactly what Porsche has done, filing a lawsuit against the Pendragon fund in the Regional Court of Stuttgart 11 days before Pendragon filed its own lawsuit against the company in London.

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