Fortis shareholders lose €10 billion lawsuit

On Thursday, the court of the French-speaking company in Brussels rejected the claim of a thousand small shareholders of Fortis, who contested the sale of Fortis Banque to BNP Paribas, reveals L的Echo. The plaintiffs claimed EUR 10.8 billion in compensation and the nullity of the sale. The proceedings, conducted by the lawyer Mischaël Modrikamen on behalf of a thousand shareholders, sought compensation for the sale of Fortis to SFPIM (federal gov…

Around a thousand small shareholders of the former Fortis who opposed the sale of Fortis Bank to French player BNP Paribas in 2008 have been flatly imprisoned in court. Among other things, they demanded 10.8 billion euros. This is reported by the French-language newspaper L'Echo on Thursday.