CARIGE Bank: 58 shareholders against the decision of the European Central Bank

ECONOMY
57 other shareholders against the decision of the European Central Bank
Banca Carige, after Malacalza, other shareholders are challenging the ECB's commissioner
Tuesday 17th November 2020

Source: https://www.primocanale.it/notizie/banca-carige-dopo-malacalza-altri-soci-impugnano-commissariamento-della-bce-224911.html


 

GENOA - In addition to Malacalza Investimenti, there are 57 other Carige shareholders who have appealed against the commissioning of the Ligurian bank by the ECB to the Court of Justice of the European Union in Luxembourg.

This is what emerges from the European Official Journal. The appeal against the European Central Bank filed on 5 October this year by small Carige shareholders is explicitly linked to the Malacalza Investimenti action filed on 4 October, to which it refers for the reasons. According to what emerged on Monday, the family finance company, Carige's first member with 27.3% prior to the commissioning, listed six reasons for the appeal, including the fact that the extraordinary administration "appears to be manifestly excessive and disproportionate" and that the appointment as commissioners of President Pietro Modiano and Ad Fabio Innocenzi of the deceased Board of Directors "appears to be disrespectful of the absence of even potential conflicts of interest".   

See: INFOCURIA - Malacalza Investimenti v ECB - Case T-612/2