We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Shareholder Group Sues Over Fortis Nationalization

Law360 (April 24, 2009, 12:00 AM EDT) -- A group representing Fortis NV shareholders has reportedly sued the Dutch state for allegedly hurting investors during the nationalization of Fortis Bank Nederland.

Dutch shareholders group VEB and affiliated Belgian group Deminor have accused the Dutch state of forcing Fortis to sell the government Dutch insurance activities at incorrect market price between Sept. 29 and Oct. 4, Dow Jones reported Friday.

The shareholders claim that the Dutch government actually caused some of Fortis' financial woes and are demanding money for the company and its investors, Dow...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.