Martingale Risk is now preparing an additional claim based on the October 15th, 2020 Milan first level penal trial, which convicted the former MPS CEO Fabrizio Viola and former chairman Alessandro Profumo to six years and former president of statutory auditors Paolo Salvadori to three and a half years. The former CEO and Chairman were also given pecuniary fines of 2.5 million. The result of the penal trial has confirmed our pre-existing legal analysis and financial opinion of the past booking actions of the Alexandria and Santorini derivative instruments. The lawsuit will focus on MPS’s substantial adjustments on non-performing loans within their financial documents from 2012-2016 and for the alleged administrative manipulation and false corporate communication in financial statements between 2012 and the first half of 2015.
For More information as well as to join this case please contact Atara Twersky, Esq. at firstname.lastname@example.org or email@example.com. Atara is Principal at Twersky Law Group and Of counsel at AF&T law firm where she is director of Investor Services. Atara focuses her practice on assisting her clients with increasing their investment portfolio recoveries and ensuring that their portfolios remain healthy and robust. For more information on shareholder recoveries click here and to listen to Atara’s podcast with notable guests in the Pension fund Industry listen to Pension and Investments Podcast, on all matters related to your investment portfolio and more. For more information on Atara and her legal work connected to shareholder protection click here.