Harmed Association of Financial Institutions (APDEF) meets this afternoon in Dénia with affected by the purchase of shares in the Caja de Ahorros del Mediterráneo (CAM) to take further legal action. This meeting is convened following recent rulings declaring the nullity of contracts for procurement of shares in the CAM and severally condemn Banco Sabadell and CAM Foundation to address the reinstatement of the economic losses suffered by investors.
Those interested can come at 19:00 p.m. Hotel Costa Blanca, where the Association will collect information from attendees in order to serve them in a personalized manner in the following days. At the meeting, those affected by other toxic financial products will also be attended to, such as Bankia shares, floor, subordinated or preferred clauses. Admission is free until capacity is reached.
The APDEF encourages those affected "to claim by civil means since it is possible to recover these investments. APDEF will claim the annulment of the contracts for the acquisition of participatory quotas of the CAM and will ask the justice to jointly condemn Banco Sabadell and the CAM Foundation to face the reimbursement of economic losses suffered by investors ", explains its president, Francesc García Rafanell.
The participative quotas of the CAM began to emit in 2008. 55.000 small investors were placed and through its sale the Savings Bank of the Mediterranean collected 292 million euros. In December of 2011 the participative quotas stopped having value and its quotation in stock exchange was suspended.
Harmed Association of Financial Institutions has more than 6.000 partners and currently has more than 5.200 open proceedings in the Spanish courts against various financial institutions amounting to 115 million euros and has already recovered 40 million. Today were resolved favorably about 1.300 cases.
