On 2 February 2018 VEB/European Investors served a writ of summons on Steinhoff International Holdings N.V. commencing its action based on Article 3:305A of the Dutch Civil Code (class action).
VEB/European Investors primarily holds Steinhoff liable for all losses incurred by Steinhoff shareholders. Steinhoff acted unlawfully towards its shareholders by providing incorrect/misleading information.
VEB/European Investors continues to explore options to take up action against (previous) directors of Steinhoff and Steinhoff’s statutory auditors Deloitte.
By way of background, VEB/European Investors represents the interests of investors throughout Europe and initiates class actions to reclaim losses incurred by investors as a result of unlawful behaviour.
For more information, please click here for our latest statement or contact Armand Kersten on email@example.com or call +32 (0) 24 46 00 46.