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Loss of Shares Investments in Banco Popular?

We have been privy to a memo from a law firm to all their lawyers in their offices in Spain and abroad. The translation is below.

CAB Spain would like to thank the particular law firm for this information.

“The position of this Office to those affected by the Banco Popular takeover is very clear and simple:

– If you purchased shares of Banco Popular in a takeover bid (i.e. advertised capital increase ) call us to help you recover your lost investment.

– If you acquired Banco Popular bonds or bonds that were converted into shares, causing you to lose your investment, call us and we will help you to recover your money”.

To speak to one of the lawyers with expertise in this field, email: myra@citizensadvice.org.es

Please note: The information provided is based upon our understanding of current legislation. It is not legal advice but is provided freely to enable you to be properly informed. We recommend that if you are considering taking action, you should seek professional advice.

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