Midas shareholders’ case

Action brought by a natural person representing a group of former shareholders of company Midas S.A. covered by a squeeze-out procedure – against 3 entities – two natural persons and limited liability company [sp. z o.o.], for establishment.

Action for establishment of joint and several liability of the defendants towards the members of the group for the damage consisting in receiving, in the squeeze-out procedure, a share price which was not an equivalent of its fair value, in particular as a result of spreading by the Management Board of the company in the consolidated financial statements of capital group (…) S.A. false information on the value of the assets of that group and presenting this value on the lower rate than the market value, and, consequently, incorrect assuming in the declaration of the Management Board of the company of 16 March 2016 the adopted squeeze-out price of shares as a fair value.

Number of group members indicated in the statement of claims: 142 persons

  • The hearing of 16 April 2020
  • The hearing of 8 April 2020 – pre-trial hearing
  • The hearing of 13 January 2020
  • The hearing of 18 November 2019
  • The hearing of 14 October 2019
  • The hearing of 30 September 2019
  • Statement of claims filed on: 1 June 2017