By Alex Davis (January 16, 2017, 7:51 PM GMT) -- Sapinda Holding BV, the investment group chaired by German entrepreneur Lars Windhorst, has settled a damages claim over a €25 million ($27 million) bond repurchase agreement with a unit of Italian insurance giant Generali Group, the company told Law360 on Monday.
Generali, which neither confirmed nor denied the settlement, had claimed in its suit filed in early December that Windhorst had agreed in August 2015 with Antoinette Valraud, Generali's deputy head of fixed income, to sell bonds worth €25 million issued by subsidiary Sapinda Invest S.a.r.l and buy them back plus interest in September 2015.
Sapinda never bought back the bonds,...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!