Lagardere: seeks damages of E84m from Amber Capital
(CercleFinance.com) - Lagardère SCA and Lagardère Capital & Management are seeking damages of almost 84 million euros from the activist fund, Amber Capital.
These damages are sought "As compensation for the harm caused by a destabilisation campaign involving numerous cases of abuse of minority shareholder powers, smears and acts of harassment," the group said.
"Since the activist fund Amber Capital became one of its shareholders in 2016, Lagardère SCA has been the subject of violent attacks by the fund, which has systematically misused its rights to the detriment of shareholder democracy, underhandedly initiated several legal proceedings and orchestrated an ongoing smear campaign, particularly through the press, against the Group, its General Partners and its Supervisory Board," it added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
These damages are sought "As compensation for the harm caused by a destabilisation campaign involving numerous cases of abuse of minority shareholder powers, smears and acts of harassment," the group said.
"Since the activist fund Amber Capital became one of its shareholders in 2016, Lagardère SCA has been the subject of violent attacks by the fund, which has systematically misused its rights to the detriment of shareholder democracy, underhandedly initiated several legal proceedings and orchestrated an ongoing smear campaign, particularly through the press, against the Group, its General Partners and its Supervisory Board," it added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.