On Friday, 13 July 2018, the Amsterdam Court of Appeal declared the €1.308 billion Fortis settlement entered into between Ageas, Stichting FORsettlement, and the claimant organisations, binding. Ageas issued a press release (link) providing the following details:
- 27 July 2018: Notice of binding declaration sent to all known Eligible Shareholders
- 28 July 2018: Claim Filing Begins – FRT will begin to file for clients impacted by this case
- 31 December 2018:
- Opt-Out Deadline
- Early Filing Deadline – Investors who file prior to this date will receive early distribution of 70% of their compensation
- 28 July 2019: Claims Filing Deadline – deadline for submitting Claims Forms
The Fortis settlement represents the largest class action under the Dutch collective settlement procedures (learn more about Dutch Foundations). Now that the Foundation has declared the settlement binding, post-settlement administration is very similar to that of a U.S. claims submission process.
For more details including case background, timing and how to file for this case or FRT Global Group Litigation service, please contact your FRT representative or email us at firstname.lastname@example.org.
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U.S. CLAIMS I GLOBAL GROUP LITIGATION I ANTITRUST I LITIGATION MONITORING I BUYOUTS
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