Dexia ‘victims’ continue with legal case

Some 25,000 people who leased shares from Dexia and went on to lose large amounts of money have decided to press ahead with legal action rather than take advantage of a ‘get out’ scheme, the Financieele Dagblad reports on Friday.

Some 165,300 investors have agreed to accept the deal, which cancels two-thirds of the debt and scraps husband or wives’ joint responsibility.
Under the lease scheme, people borrowed money to invest in shares. The cash was to be repaid once the shares were sold, but declining stock prices left tens of thousands of people in debt.
In January, judges said that Dexia should have made the risks of such investments more clear to investors.

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