EU Finalizes Probe Into Banco Popular Shareholder Dispute
Law360, London (December 20, 2019, 3:36 PM GMT) -- The European Union’s Single Resolution Board said Friday that it is finalizing its assessment of complaints from almost 3,000 shareholders and creditors of Banco Popular, who claim they were cheated out of compensation after the bloc sold the failing bank to Santander for a token €1 ($1.10).
The board, which manages the orderly resolution of failing banks within the EU, said it has finished reviewing the submission from 2,856 investors of Banco Popular Espanol who are exercising their “right to be heard.” The board is finalizing its decision on whether to compensate them.
The authority said that it will “strive to reach...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!