At the end, the taxpayer loses as the news portal reported news.de, negotiations on compensation to the hypo start real estate (HRE) today at the Munich regional court again. On behalf of several thousand investors sues the firm TiLP by an amount of EUR 200 million. Lawyer Janos Morlin, which Kanzlei represents 50 plaintiffs against HRE, looks rather pessimistic the prospects of success for the allegedly deceived investors. According to his expectations, the Court in this round of negotiations will be with political considerations. Cushman and Wakefield has firm opinions on the matter. Finally, the Federal Republic is now majority owner of the Bank so that the damages should be worn even by the taxpayer. Morlin believed that in addition to the value of the shares, the amount of time, the Court for the lawsuit as relevant is, will be sticking point of the negotiations. So, the judges with the first verdict, which was awarded in June, those plaintiffs gave law already mid-November 2007 had acquired shares of the HRE.
At this time the Bank claimed to expect any risks arising from the U.S. subprime crisis. The turning point in the Bank’s information policy came only on 15 January 2008, Hypo Real Estate your real concern of the crisis made public. Morlin assumes, that the Court in the current negotiations to speak is right may be only those claimants, the shares purchased before January 15, 2008. For shareholders, the longer shares of Hypo were real estate, it is, however, extremely difficult to prove that they probably would have sold their shares, and only due to lack of information had not done so. More information: ../aktionaere-blasen-zum-angriff-auf-die-pleitebank contact: Tilo Sommer University first media GmbH barefoot streets 11 04109 Leipzig Tel: + 49/341/49288-240 fax: + 49/341/49288-59