2.2 Court of Milan (44206/03) - COLLEGE SECTION II - PRES. DR. Manfrin: II Tronconi insider trading (ACCUSED: OFFICERS FOREIGN BANKS) The trial, which began January 22, 2008, should finally get to the heart from the next hearing on November 19, during which the Court will rule 'in order to a number of exceptions, some insidious defenses raised by the defendants that have not bargained (incompatibility 'of the GUP Tacconi, territorial jurisdiction, etc.). UBS and its leaders have bargained punishment and are therefore 'left the scene. At the same time, both UBS and DEUTSCHE BANK MORGAN STANLEY (the latter, while continuing to vigorously defend itself in the process) have jointly formulated a proposal made to the civil parties for compensation paid to former shareholders and former bondisti, equivalent to 10 % of the amount invested in its time, albeit with some distinctions and limitazioni.La proposal 'under evaluation.
4.1 COURT OF PARMA - GUP DR SARLI; 864/06 - OFFICERS ACCUSED UBS, for external bankrupt and wear; 983/2006 - ACCUSED EXECUTIVES MORGAN STANLEY FOR COMPETITION IN THE OUTER bankruptcy 3524/2007 - DB ACCUSED OFFICERS FOR COMPETITION IN THE OUTER WEAR Bankrupt and the preliminary hearing and 'started on 11/12/2007 ; hearing on April 7 2008 were rejected requests for exclusion of civil parties that had been proposed by the defenses of the defendants. Probably there will be 'a few request patteggiamento.L' attitude will depend on the civil parties 'by the outcome of the proposal for compensation made by the three banks (UBS, DEUTSCHE BANK and MORGAN STANLEY), and that you' account given above ( section 2.2)
6. Postscript: INITIATIVES FOR savers Have not yet claimed damages do not stick to PROPOSALS OR "DELOITTE" E "UBS, DEUTSCHE BANK and Morgan Stanley." Once in almost five years since crack, the limitation of the right to compensation for damages claimed by investors avvicinando.D is 'on the other hand, the court further action against persons, already' called as civil leaders in criminal proceedings, may find an outlet only in civil (Civil Court) or the outcome of those criminal proceedings which come to a decision (Bank of America; Deutsche Bank, Morgan Stanley, Citibank) or even earlier, in cases where the related criminal proceedings were defined with the settlements (Deloitte, UBS). The above, of course, only in circumstances where the individual investor has decided not to accept the settlement proposals in corso.Bisogna also consider that groups of investors who have formed a civil party in the various processes, and therefore are receiving settlement proposals, are not fully aligned. There ', therefore the need to coordinate all the various individual positions and make them uniform, hence the beginning of 2009, also to avoid hitting the prescrizione.Lo tool will' be sent to persons deemed liable for a formal claim, interrupting the limitation period.
NEWS === ====== informed investment information on asset management. Published
dall'ADUC, Association for the Rights of Users and Consumatori.Redazione: Via Cavour 68, 50129 FirenzeTel. 055.290606 - Fax 055.2302452URL: http://investire.aduc.it - Email: investire@aduc.it
By-Alessandro Pedone, financial planner, Giuseppe D'Orta, independent financial consultant from 30
Archive -10-2008 to 13-11-2008n.23/2008 (Year VIII)
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