SOURCE: Rotter Rechtsanwälte

January 16, 2008 10:10 ET

Hypo Real Estate Holding AG: Law firm seeks damages for investors

Rotter Rechtsanwaelte claims damages against the company and its directors due to misleading statements

MUNICH, GERMANY--(Marketwire - January 16, 2008) - German-based law firm Rotter Rechtsanwaelte has been hired by disgruntled investors of Hypo Real Estate Holding AG to claim damages against the company and its directors after shares of the company have plunged more than 30% on 15th January 2008. On that day the Munich-based property and public-finance lender announced to take a charge of EUR 390 million for losses on investments in collateralised debt obligations (CDO) in the fourth quarter of 2007.

In several ad-hoc and press releases since August 2007 the company repeatedly had calmed down investors that the credit-market crisis had passed it by and that there would be no impact. Investors who purchased shares of the company between 3rd August 2007 and 14th January 2008 might be able to recover damages pursuant to section 37b of the German Securities Trade Law, which rules the consequences for misleading statements made by listed companies. "The news about the charge taken by Hypo Real Estate Holding AG is similar to what we saw last summer at IKB Industriebank AG, where we have been hired for filing lawsuits in a numerous cases by private and institutional investors", says Bernd Jochem, partner at Rotter Rechtsanwaelte.

ABOUT ROTTER RECHTSANWAELTE:

Rotter Rechtsanwaelte is the leading law firm in Germany for cases involving corporations supplying misleading capital market information. In total we have caused in Germany and the U.S. the payment of more than EUR 1 billion in damages to institutional and private investors who suffered losses resulting from misleading capital market information issued by companies listed in Germany and the U.S.

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Contact Information

  • Please contact:

    Rotter Rechtsanwaelte, München:
    Felix Weigend, Rechtsanwalt, Telefon: +49 (0)89 64 98 45-0, E-Mail:
    Email Contact

    Bernd Jochem, Rechtsanwalt, Telefon: +49 (0)89 64 98 45-0, E-Mail:
    Email Contact