Jerry Seinfeld settles 'fake' $1.5 million Porsche lawsuits
Fox News
Jerry Seinfeld has settled two lawsuits stemming from the 2019 sale of a 1958 Porsche 356 sports car that turned out to be inauthentic for $1.54 million.
Gary Gastelu is FoxNews.com's Automotive Editor covering the car industry and racing @foxnewsautos
Three years after the sale in 2019, the buyer of the Porsche, a company called Fica Frio, filed a lawsuit alleging that the vehicle wasn't an authentic factory build and had been converted to resemble the model that was advertised.
This is not an uncommon practice in the collector car world, but a seller is expected to represent their car's origins accurately. Seinfeld claimed he was unaware the car wasn't genuine when he purchased it and reportedly apologized and told the buyer he'd make things right.
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