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Fortis shareholders to sue company bosses in Dutch court
0 Comments | AFP, October, 2008
THE HAGUE (AFP) — Shareholders of former Belgian-Dutch financial group Fortis, now dismantled and part-nationalised, are to sue three former company bosses in a Netherlands court for fraud, their lawyer told AFP Thursday.
The shareholders have appointed a firm of advocates in Amsterdam to represent their claim against former Fortis chairman Maurice Lippens, chief executive Jean-Paul Votron and chief financial officer Gilbert Mittler, said Hendrik Jan Bos.
"We want damages of 10 euros per share for the period January to June this year when they misled shareholders by stating that all was well," he told AFP.
Despite these assurances, the group announced plans late June to urgently boost its capital reserves by eight billion euros, sparking a massive fall in...
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