Closed Class Action
Conwert
About the Case
On November 22, 2016, the Takeover Commission determined that, among others, Adler Real Estate AG, Mr. Cevdet Caner, and Petrus Advisers LLP wrongfully failed to make a mandatory offer for the shares of conwert Immobilien Invest SE. The obligation to make an offer results from the concerted action of these legal entities since at least September 29, 2015.
For shareholders who, unaware of the obligation to make an offer, sold their Conwert shares from that point onwards via the stock exchange or by other means at a price that was below the offer price to be paid by these legal entities, a claim for damages amounting to the difference to the offer price was presumed by the appointed lawyers.
Status/Outcome
Participation in the “Conwert” collective action is no longer possible, as the registration deadline already expired on February 28, 2019.
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