On 13 July 2018, the Amsterdam Court of Appeals declared a € 1.3 billion settlement between Ageas (previously Fortis Bank) and its former shareholders binding under the Dutch Class Action (Financial Settlement) Act. This constitutes the largest settlement ever between a European company and investors, but the decision may have unexpected consequences for the revenue model of claim organizations in the future.
Continue Reading Billion Euro Settlement for Former Fortis Shareholders Declared Binding