DutchNews.nl - Legal action against Fortis mounts

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Legal action against Fortis mounts

Thursday 16 October 2008

Minor shareholder protests against the split-up and partial nationalisation of Fortis continue to grow on Thursday, with a group of 10 investors issuing a writ against three Fortis directors for damages running into millions of euros.

'The managers said that things were going well with Fortis but they knew it was not okay,' the investors' lawyer Hendrik Jan Bos says in Thursday's NRC.

Fortis' share price has fallen 95% this year, the paper says.

Shareholders lobby group VEB is also mounting legal action against Fortis.

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Readers' comments

how on earth is it possib that the dutch governmnt dismantles fortis by friday morning 0700 hrs and let the trading all friday continue on the stockexchange.incredible!

By paul hanrath | October 16, 2008 6:40 PM

There should be state investigation and legal actions against management of Fortis and against ex management of ABN AMRO Bank. Bonuses paid to the ex chairman and others to be conficated till the investigation.....

By yugttrams | October 16, 2008 11:45 PM

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