Porsche Must Face Separate Investor Class Action, Top Court Says

Porsche Automobil Holding SE investors’ 1.1 billion-euro ($1.3 billion) lawsuit combining their claims related to the diesel scandal at Volkswagen AG must be heard by a Stuttgart tribunal, Germany’s top court ruled.

The Federal Court of Justice in Karlsruhe on Wednesday overturned a ruling by judges in Stuttgart, who last year said they couldn’t hear the case before the resolution of a related suit against VW in Braunschweig. The Stuttgart court must now proceed with the investor suit, which claims that Porsche informed markets too late about the impacts of the diesel scandal.

Porsche had originally asked to have the ...