Fortis Settlement

Deminor Recovery Services advises and represents more than 5,000 retail and 500 institutional investors who had invested in Fortis shares. Those investors filed a court action before the Court of Commerce of Brussels. They claimed damages for the losses suffered on their investments in relation to alleged misrepresentations made since the formal announcement of the takeover of ABN Amro in May 2007 up until the collapse of the Fortis Group early October 2008.

On 14 March 2016, DRS reached a €1.2 billion settlement with Ageas SA/NV (formerly known as Fortis SA/NV) and other parties. This is the largest settlement of investors’ claims in Europe so far. The settlement has been submitted to the Court of Amsterdam (The Netherlands) with the request to declare it generally binding on all eligible shareholders in accordance with the Dutch law on the collective settlement of mass claims. The proceedings before the Court are currently still pending and the Court has invited the parties to the settlement to agree on amendments to its terms. In the meantime, the court action before the Court of Commerce of Brussels has been stayed as a result of the settlement.

If you are not yet a DRS client in the Fortis case and would like to learn more about this settlement and whether you could benefit from it, you can register free of charge on our secured web site www.mydeminor.com.  This will allow you to access all information and conditions concerning our services.

Please note that registration on our website www.mydeminor.com is only possible for persons who are not considered as professional, institutional or qualified investors. In case you would fall under any of these categories, we kindly invite you to contact Deminor directly by e-mail (drs@deminor.com) or by phone (+32 2 674 71 33).

Should you have any further questions, please do not hesitate to contact us via email (drs@deminor.com) or through a phone call (+32 2 674 71 33).