Settled, Italy, 2017
A group of former minority institutional and private shareholders of La Fondiaria Assicurazioni (“Fondiaria”), advised and assisted by Deminor, reached a settlement with UnipolSai and Mediobanca. The investors’ claims had stemmed from the takeover of Fondiaria in 2002 by a consortium of bidders consisting of Mediobanca, SAI and Premafin. Following a long court battle up to the Court of Cassation, Deminor’s clients were able to recover a substantial part of damages claimed. Settlement terms have not been publicly disclosed.