Lehman Brothers bonds
(Thomson Reuters ONE) -
Regarding the case involving more than 400 dissatisfied investors in Lehman
Brothers bonds, investors have filed lawsuits, which were received by Acta
Kapitalforvaltning this afternoon, against the Swedish bank that was arranger
and Acta Kapitalforvaltning. More than 400 lawsuits are expected from these
investors.
The investors claim that they are not obliged to repay the loans to the bank. If
this proves unsuccessful they will turn to Acta Kapitalforvaltning, which was
their financial advisor. Acta Kapitalforvaltning considers the risk of such
lawsuits to be relatively limited as the company is only responsible for the
provision of advice, and this was given on an individual basis. This assessment
is also supported by the fact that in all decisions regarding this case, the
Swedish National Board for Consumer Complaints (ARN) has found that Acta
Kapitalforvaltning is not liable to pay compensation to its clients. Acta
Kapitalforvaltning expects that the courts will reach the same conclusion as
ARN.
Contact details:
Geir Inge Solberg, Chief Executive Officer, +47 908 78 043 Rune Wangsmo, Public
Relations Director, +47 995 41 507
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1457757]
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Source: Acta Holding ASA via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 01.11.2010 - 20:00 Uhr
Sprache: Deutsch
News-ID 48278
Anzahl Zeichen: 1993
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Lehman Brothers bonds"
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