MEL: Demand for Higher Quota against Meinl

Businessn.a. ♦ Published: January 5, 2011; 00:28 ♦ (Vindobona)

A lawyer representing the investors calls for an increase of the quota on the occasion of the compromise between Meinl Bank and former MEL investors from 35% to 70%.

MEL: Demand for Higher Quota against Meinl / Picture: ©

For Meinl Bank, the series of legal battles does not subside. Investors of the bank continue suing it concerning the MEL affair (the former real estate investment certificate Meinl Europan Land). The charge is primarily deception.

Meinl Bank has already avoided most of the potential lawsuits through compromises. Nevertheless, further lawsuits can be anticipated. The investors'…