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AWD - Commercial Court allows class action

Published: July 7, 2010; 00:00 · (Vindobona)

Consumer information association (VKI) goes to court on behalf of 1,300 investors.

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…

This article includes a total of 133 words.

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