Porsche 2012 Annual Report Download - page 227

[23] Other financial obligations
As of the reporting date, other financial obligations break down as follows:
The other financial obligations in the comparative period resulted from warranties that were
cancelled in the course of the contribution of the holding business operations of Porsche SE to
Volkswagen AG.
[24] Subsequent events
On 27 December 2012, the Court of Appeals of the New York State Supreme Court overruled
the decision of the court of first instance and dismissed the claims for damages brought before
this court. On 10 January 2013, the total of 26 plaintiffs responded by filing a petition for a se-
cond hearing or, alternatively, an appeal. On 31 January 2013, the parties entered into a stipula-
tion under which Porsche SE agreed not to raise any statute-of-limitations defense against the
plaintiffs' claims, provided these are filed before a court in Germany within 90 days and provided
these claims were not already statute-barred when the plaintiffs first filed their actions in the
USA. Irrespective of this, Porsche SE considers the claims filed to be without merit. Under the
settlement, the plaintiffs withdrew their motion to reargue or in the alternative leave to appeal.
The parties consented to entry of a final judgment dismissing plaintiffs’ complaints against
Porsche SE in the New York State Court in their entirety.
Payable Total
€ million 1 year in 1 to 5 years > 5 years
31/12/2012
Sundry other financial obligations 0 0 0 0
31/12/2011
Sundry other financial obligations 1 3 0 4
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