English Dutch French German Portuguese Spanish
Menu

2015: Investors take Saipem to court

Investors have taken legal action against Saipem, an Italy-based oilfield services provider to the international offshore oil and gas industry.

 

According to the company, Saipem has received a notice of legal proceedings before the Court of Milan by 64 investors claiming compensation for damages of approximately EUR 174 million allegedly incurred following the purchase of Saipem shares in the period between 13 February 2012 and 14 June 2013.

 

In the Annual Report for 2014, issued on 9 April 2015, Saipem S.p.A. stated that “in relation to the alleged delays in the issue of its profit warnings to the market, a number of shareholders and former shareholders have threatened to take legal action against the Company to obtain compensation. The Company has examined the claims received but is of the opinion that they are groundless”.

In a statement issued today, Saipem has said it confirms its opinion, and will challenge the claim in court.

 

Souce: April 29, 2015 Offshore Energy Today

 

 

You are here: HomeAnti Oil and Gas CampaignsNem Um FuroIndustry Related Information2015: Investors take Saipem to court
  • ASMAA - Algarve Surf and Marine Activities Association
    NIPC: 510 381 952
    Tel: 00 351 282 182 103
    This email address is being protected from spambots. You need JavaScript enabled to view it.
    asmaa-algarve.org
    Rua Dr. Alberto Iria
    Lote 12, R/C Esq
    Porto de Môs
    Lagos 8600-580
    Portugal
Go to top