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The scheme induced the plaintiff funds to establish short positions on Discount Tiffany Necklaces stock. When Porsche SE suddenly revealed the extent of its true control of VW shares on October 26, 2008, a massive short squeeze ensued. The price of VW shares skyrocketed several hundred percent, briefly topping 1,000 Euros. Investors who had shorted VW lost billions covering their positions in the squeeze. Porsche Discount Tiffany Notes collected outrageous profits at the expense of plaintiffs and others by releasing some of its shares into the market at artificial prices. Today's filing reveals previously unknown details of Porsche SE's plan. The new allegations include that: Less than a week before Porsche SE revealed the truth -- that it had amassed control of more than 74 percent of Discount Tiffany Pendants shares -- it conducted phone calls with investment advisors in New York during which Porsche SE sought to reassure the New York-based investment advisors that it was nowhere near 75 percent control. Among the false statements Porsche SE made was that although it would acquire a simple majority of VW shares, "going to Discount Tiffany Rings is not on the agenda." Porsche SE told another fund that it would stop acquiring shares after achieving 50-55% control. Porsche SE admitted to at least one plaintiff that it was spreading its options trades around to multiple counterparties to avoid detection. Porsche SE's fraudulent strategy deliberately targeted short sellers.