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AWD - Commercial Court allows class action
Companies ♦
Published: July 7, 2010; 00:00 ♦ (Vindobona)
Consumer information association (VKI) goes to court on behalf of 1,300 investors.
AWD - Commercial Court allows class action / Picture: © Vindobona.org
The Commercial Court (HG) Vienna has approved after a nearly three-hour hearing another class action against the financial services provider AWD.
VKI goes to court on behalf of some 1,300 investors who complain that AWD systematically provided false information regarding the sale of Immofinanz shares. Class action III has a claim of €21m, representing a total of 2,500 alleged…
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