District court found in favour of SpareBank 1 SMN
(Thomson Reuters ONE) -
SpareBank 1 SMN and Bank 1 Oslo have been acquitted, and Reinertsen AS has been
ordered to pay the banks' costs of NOK 2.5m, in a case heard by Sør Trøndelag
district court.
The court proceedings took place at the start of June this year. The background
was a writ of summons brought by a construction company, Reinertsen, demanding
that the banks pay NOK 44.6m in compensatory damages. Reinertsen claimed that
the banks had breached their obligation to provide information to the company in
connection with a construction loan granted to Residencekvartalet AS - a
subsidiary of Roll Severin AS which went bankrupt in November 2010.
The banks rejected Reinertsen's demand, and Sør-Trøndelag district court found
in the banks' favour.
Any appeal must be submitted by 15 September.
Contact persons at SpareBank 1 SMN:
Executive Vice President, Finance, Kjell Fordal on +47 905 41 672
Executive Vice President, Corporate Communications, Hans Tronstad on
+47 941 78 322
About SpareBank 1 SMN
SpareBank 1 SMN is the region's leading financial services group. It leads the
retail and corporate market, and is positioned in 43 localities across the
region's municipalities with a total of 54 offices.
We aim to be the recommended bank for customers in Trøndelag and in Møre and
Romsdal. Being a local, independent savings bank we feel a special
responsibility for stimulating growth and prosperity in the region. We base our
business on closeness to our customers, good accessibility, a full product range
and comprehensive financial advisory services.
Our head office is in Trondheim. The Group employs about 1,100 staff and
includes the following subsidiaries: SpareBank 1 SMN Finans, EiendomsMegler 1
Midt-Norge, Allegro Finans and SpareBank 1 SMN Regnskap. It is the largest
shareholder in BN Bank with a 33% stake.
SpareBank 1 SMN is one of six owners of SpareBank 1 Gruppen. For further
information, visit our website at www.smn.no.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SpareBank 1 SMN via Thomson Reuters ONE
[HUG#1633899]
Unternehmensinformation / Kurzprofil:
Datum: 15.08.2012 - 08:50 Uhr
Sprache: Deutsch
News-ID 174938
Anzahl Zeichen: 2930
contact information:
Town:
Trondheim
Kategorie:
Business News
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"District court found in favour of SpareBank 1 SMN"
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