Deminor funds giant French group claim on behalf of 6,200 investors

Deminor is funding what may be the largest group claim ever commenced in France on behalf of 6,200 investors who allegedly suffered substantial losses following investments made in certain funds managed by H2O AM, an asset manager formerly part of the Natixis group. 

In January 2023, France’s Autorité des marchés financiers (The Financial Markets Authority of France) issued record fines of €75 million against H2O AM for “serious” rule breaches related to the illiquid investments, while banning its founder Bruno Crastes from managing funds. 

Now, the first group of 6,200 investors has lodged a group claim before the Commercial Court of Paris, while other investors are encouraged to join.

Edouard Fremault, head of the investment recovery practice, and Olivia de Patoul, General Counsel France, stated:

“We look forward to further helping the thousands of people who have suffered substantial losses on their H2O investments. We would like to extend our thanks to the entire team who have worked on the case at Deminor and to the tireless efforts of the association Collectif Porteurs H2O and its counsel Dominique Stucki as they seek to bring justice for the 6,200 plus claimants they are acting on behalf of.”

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