Fortis SA/NV (Belgium)

Updated: December 15, 2014
Status: Ongoing Case
Labaton Sucharow represents injured investors as liaison counsel in this Belgian securities action against Dutch/Belgian bank/insurer Fortis. There is also another action pending in the Dutch courts, which we are actively monitoring for our clients.

The allegations against Fortis involve misrepresentations made surrounding their 2007 acquisition of ABN Amro Holding NV, and the September 2007 Rights Issue used to finance that deal. It is alleged that Fortis repeatedly misled investors as to the real value of their CDO book and the extent of their exposure to subprime mortgage-backed securities.