Fortis court case verdict in September

Amsterdam district court will announce in September whether key players in the decision to fully nationalise Fortis Holding’s Dutch interests should be forced to testify, news agency ANP reported on Wednesday.

A foundation known as FortisEffect, which represents some 1,200 shareholders in Fortis Holding, wants to hear evidence from people such as finance minister Wouter Bos who were involved in the nationalisation last year.
The case is one stage in complicated legal proceedings which shareholders hope will lead to the nationalisation process being reversed.
FortisEffect argues that the state gave the impression that the company was safe following the partial nationalisation in September.
But shareholders who bought into the company on that basis found their investments practically worthless when the company was fully nationalised in October.

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