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Mps: liability action against Mussari and Vigni

Montepaschi is also asking for compensation for the damages suffered for the structured transactions Alexandria and Santorini – The liability action initiated by the institution also concerns Nomura and Deutsche Bank.

Mps: liability action against Mussari and Vigni

Liability action by Mps Bank against the former president Joseph Mussari and the former general manager Antonio Vigni, in the context of derivative transactions. This was communicated in a note by the institute, which is also asking for compensation for the damages suffered for the structured operations Alexandria and Santorini. The liability action initiated by the institute also concerns Nomura and Deutsche Bank.

"Mps has also initiated a social responsibility action against Vigni - reads the note - and against Deutsche Bank a non-contractual liability action for the participation of the same with the former general manager in relation to the Total Return Swap transactions implemented in December 2008 with reference to the vehicle company Santorini. This action requests the joint conviction of the defendant parties to pay compensation for the damages suffered and to be suffered by the bank as a result of the disputed transactions".

Montepaschi's Board of Directors has resolved to place the resolutions regarding liability actions on the agenda of the shareholders' meeting, which will be called to approve the 2012 financial statements.

Mid morning today the title of Mps travels up by 0,33%.  

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