Date: 5th October 2016
Author:
Type: In the news
Representing 5,500 Fortis shareholders, Deminor - a leading European company focusing on shareholder engagement and investor protection - has been given the green light to carry on its lawsuit against Ageas, BNP Paribas Fortis and Merrill Lynch. A judgment by the Belgian Commercial Court recognized the admissibility of the Deminor litigation.
Deminor accuses the three institutions of market manipulation and deceiving shareholders in relation to the ABN Amro takeover bid launched in May 2007, when Fortis claimed that its bank solvency was “on target” and “strong”, only to later unveil capital-raising measures clearly indicating this to be untrue.
More news here.