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VEB/EUROPEAN INVESTORS SERVES A WRIT OF SUMMONS AGAINST STEINHOFF COMMENCING ITS CLASS ACTION

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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 akersten@veb.net or call +32 (0) 24 46 00 46.

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