Porsche has received a new lawsuit connected with the 2008 attempt to take over VW.
The 213-million-euro ($275 million) claim was requested by HWO, a firm connected to the family of Adolf Merckle, a deceased industrialist. The suit was filed in Braunschweig, northern Germany, where the automaker already face 4-billion-euro damage claims from investor lawsuits over the same issue.
In January 2009 billionaire Adolf Merckle committed suicide after he lost his entire business, including stakes in...Read Full Story
The Economist reported this evening the sad story of Dr Adolf Merckle , a wealthy German industrialist, who committed suicide after making a wrong bet on the direction of Volkswagen's share price. What drives a seemingly successful person to the act of suicide? Who knows. Dr Deming talked in some detail about driving fear out of the workplace. He said that nobody can put in their best performance unless he of she feels secure. And the Latin scholars amongst us know that se comes from the...Read Full Story
German newspaper Die Welt is reporting that German billionaire Adolf Merckle, whose investment company was renegotiating its bank debt, died after he was hit by a train and may have committed suicide, Die Welt reported.Merckle was struck near his hometown of Blaubeuren, southeast of Stuttgart, yesterday evening, the German newspaper said on its Web site today. Police said he may have killed himself, the newspaper said.Yep, another investment baron to fall flat on his face. Merckle had lost...Read Full Story
By GEIR MOULSON,Associated Press Writer Geir Moulson, Associated Press Writer,Tuesday 05,2009 1 hr 50 mins agoBERLIN – German billionaire Adolf Merckle has committed suicide after his business empire, which included interests ranging from pharmaceuticals to cement, ran into trouble in the global financial crisis, his family said Tuesday.The 74-year-old's body was found Monday night on railway tracks at Blaubeuren in southwestern Germany, prosecutors in nearby Ulm said in a statement. They...Read Full Story
Allan Hall Last updated at 2:57 PM on 07th January 2009
Add to My Stories
Adolf Merckle, one of the world's richest men, has killed himself on a railtrack after losing £1billion One of the world's richest men has become the latest high-profile suicide linked to the credit crunch. Adolf Merckle left a suicide note before throwing himself in front of a train late on Monday not far from his home in the village of Blauberen near Ulm in south-western Germany.In it he told his...Read Full Story
Adolf Merckle (March 18, 1934 – January 5, 2009) was one of Germany's most wealthy businessmen. He found himself in a difficult financial situation shortly before his is suspected of killing himself by throwing himself in front of a train.