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Dutch Court Holds Collective Securities Settlement to Be Binding — The D&O Diary
Holding by Dutch court has important implications for the evolution of post-Morrison remedies for non-U.S. investors.
Netherlands: Appeals Court Sentences Ahold Execs to Suspended Sentences and Fines
On Wednesday, an Amsterdam appeals court sentenced three former executives of Dutch supermarket group Ahold to suspended sentences and fines for financial fraud revealed by the company in 2003. The Ahold fraud is the Netherlands’ biggest corporate accountancy fraud ever, NRC reports, involving the overstatement of profits by almost 1 billion euros. According to NRC, […]
Video: Shareholders to Bring Lawsuit in Netherlands Against Fortis Executives
Shareholders of former Belgian-Dutch financial group Fortis plan to sue three former executives of the company in a Netherlands court for fraud, their lawyer told AFP. Their claim is against former Fortis chairman Maurice Lippens, CEO Jean-Paul Votron and CFO Gilbert Mittler, AFP reports, and seeks damages of 10 euros per share for the period […]