Joeri Klein of Deminor and Koen Rutten of Wijn & Stael take stock after two years since the introduction of the Dutch Collective Damages Act (WAMCA), and question whether fears that the introduction of the WAMCA would lead to “American practices” and an overly aggressive “claim culture” with enormous damages at stake were justified. Read more.
Deminor’s approximately 4,000 clients that fell victim to the Madoff fraud have reached a recovery ratio of 88.35% after the latest round of distributions.
France’s financial regulator has fined London-based H2O Asset Management, its group CEO and CIO a total of €93 million ($99 million) “for several breaches committed in the management of French funds relating to investments in financial instruments”. Deminor is funding a legal action against H2O on behalf of the investors who suffered losses.
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