FORTIS SHAREHOLDERS PLAN COURT ACTION OVER NATIONALISATION

Shareholders of dismantled bank Fortis will take legal action seeking to freeze the Dutch state's nationalisation of the group's Netherlands-based activities, their lawyer said last Thursday.

"We will bring an urgent application against the Dutch state because the transaction was invalid," said Adriaan de Gier, a lawyer for the grouping FortisEffect, which claims to represent some 1,250 investors. Fortis shareholders plan court action over Dutch nationalisation. read more (expatica.com)

SHAREHOLDERS REJECT FORTIS DEAL read more (radionetherlands.nl)INVESTORS MAKE FUTURE OF FORTIS UNCERTAIN read more (nrc.nl)
'NO' VOTE COULD FINISH FORTIS, CEO WARNS read more (expatica.com)

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February 16, 2009