Tell us about your biggest win or wins this year.
On July 13, the Amsterdam Court of Appeals in the Netherlands approved the largest-ever securities settlement in Europe. Belgium insurance company Ageas N.V./S.A. (formerly known as Fortis) agreed to pay of $1.5 billion (€1.3 billion) to multiple groups of U.S. and European institutional and individual investors. The historic settlement resolves claims arising out of the 2007 acquisition of Dutch bank ABN Amro by Fortis ahead of the financial crisis.
What’s the biggest lesson you learned practicing law?
G&E is global counsel representing the foundation Stichting Investor Claims Against Fortis, which had over 180 participating institutional investors with over 80 million shares.
Share an interesting fact about your firm that few know.
G&E has scored numerous high-profile wins in shareholder appraisal actions, setting precedents for enforcing investor rights, and recouping significant share value. However, a number of appraisal litigation cases have been challenged recently in Delaware courts, and opportunities to take on new cases have been shrinking. As a result, G&E has been actively developing other litigation platforms and taking on new cases, including environmental matters.
Answers submitted by Jay W. Eisenhofer, managing director.