News
South African Institutions back Steinhoff class action run by BarentsKrans
Many of the largest institutions in South Africa have decided to pursue claims on behalf of their clients and funds that suffered losses as a result of the collapse in the share price of global retailer Steinhoff in December 2017. The institutions include Abax Investments, Allan Gray, Bateleur Capital, Coronation, Denker, Electus, Eskom, Investec Asset Management, Investec Wealth
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Lawsuit on behalf of Steinhoff shareholders
BarentsKrans, specialised in mass litigation, is commencing legal proceedings on behalf of aggrieved shareholders of Steinhoff International Holdings N.V. with the claim to include accountants Deloitte as co-defendants. The claim will be conducted in the Netherlands with Steinhoff shareholders from all over the world eligible to participate. It follows announcements by Steinhoff in December
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Amsterdam Court clears way for Pan-European truck cartel damages claim
The European Commission (EC) announced that it had fined Scania €880 million for its participation in the 1997-2011 truck cartel. This is the second highest fine ever imposed on an individual company by the EC. The EC confirmed that the size of fine against Scania was based on the ‘serious nature of the infringement’, Scania’s
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