Home / Steinhoff class action – more information and registration

Steinhoff class action – more information and registration

VEB/European Investors aims at attaining compensation for losses incurred by Steinhoff shareholders. We have started legal proceedings against Steinhoff and invite shareholders to join our class action.

For more information on our Steinhoff class action or to register, please contact our Head of Relations, Mr Armand Kersten at info@europeaninvestors.eu or call +32 (0) 24 46 00 46.

Please note the relevant period to participate in our class action. Shares bought or held between 7 August 2015 and 6 December 2017 COB and which were retained through 7 December 2017 COB. Depending on the outcome of any independent investigation, the relevant period may extend.

Action taken
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 holds Steinhoff liable for all losses incurred by Steinhoff shareholders. Steinhoff acted unlawfully towards its shareholders by providing incorrect and/or misleading information. VEB/European Investors continues to explore options to take up action against (previous) directors of Steinhoff and Steinhoff’s statutory auditors Deloitte.

Institutional investors (partnership)
Institutional investors may join our Steinhoff class action by signing a partnership agreement with VEB/European Investors.

We offer:

1) An impressive track record

VEB/European Investors has a solid track record litigating for many years, in many class actions and for thousands of investors. Most cases have resulted in high compensation for investors:

Compensation Pending
  • Fortis – €1.3Bn
  • Ahold – €1.1Bn
  • Dexia – €1.0Bn
  • Shell – $395
  • Unilever- €325M
  • World Online – €105M
  • Converium – €59M
  • KPNQwest – €19M
  • Numico/Danone- €17M
  • Imtech
  • Volkswagen
  • BP
  • SNS Reaal
  • Ahold-Deloitte
  • Steinhoff
  • 2) 9 percent succession fee with no upfront costs

    Participation in any legal action against a success fee of 9 percent with no upfront costs. VEB/European Investors is a not-for-profit organisation. We do not seek any litigation funding because we have an in-house legal department staffed with experienced solicitors specialised in class actions under Dutch law.

    For more information or to register for our class action, please contact our Head of Relations, Mr. Armand Kersten at info@europeaninvestors.eu or call +32 (0) 24 46 00 46.

    Individual investors (membership)

    Individual investors domiciled outside the Netherlands may join our class action. In order to participate and to classify as an active claimant, shareholders must be a member of VEB (125 Euro per subscription year).

    To classify as an active claimant, the membership has to be continued until any compensation in the Steinhoff-case has been paid. Termination of the membership is possible at any time.

    For more information or to register as a member, please contact VEB/European Investors at info@europeaninvestors.eu.

    Factsheets
    VEB/European Investors published various factsheets to inform investors on the Steinhoff case and our legal proceedings. Please click here for our factsheet of 12 January 2018 and here for our updated statement of 2 February 2018.

    All updated factsheets and news articles on Steinhoff will be published on this website.

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