Brief: UNIQA: New Complaint From Infinus Investor Claims Against UNIQA Oesterreich

UNIQA Insurance AG

18/08/2022 17:11

Aug 18 (Reuters) - UNIQA INSURANCE GROUP AG  UNIQ.VI :
    * NEW COMPLAINT FROM INFINUS INVESTOR CLAIMS AGAINST UNIQA
ÖSTERREICH
    * UPDATE OF DISCLOSURE OF INSIDE INFORMATION OF 13 NOVEMBER
2020
AND 4 MAY 2022
    * UNIQA ÖSTERREICH HAS BEEN SERVED A COMPLAINT FOR DAMAGE
CLAIMS
WITH AN AMOUNT IN CONTROVERSY OF EUR 40,000 BASED ON PRIVATE LAW
FILED BY A PLAINTIFF BELONGING TO THESE INVESTOR GROUPS
    * THESE INVESTOR GROUPS ARE DIFFERENT FROM THOSE WHOSE
CLAIMS ARE
ASSERTED BY GERMAN SPECIAL PURPOSE ENTITY
    * CANNOT BE RULED OUT THAT FURTHER COMPLAINTS FOR DAMAGE
CLAIMS
WILL BE FILED WITH GERMAN COURTS BY THOSE INVESTOR GROUPS
    * PLAINTIFF BELONGS TO INVESTOR GROUPS COORDINATED AMONG
THEMSELVES THAT ALLEGED CLAIMS OUT OF COURT AGAINST UNIQA
ÖSTERREICH IN AN AGGREGATE LOW THREE DIGIT EURO MILLION AMOUNT
    * THESE PURPORTED CLAIMS RESULT FROM GERMAN BUSINESS OF
FINANCELIFE WHICH WAS TERMINATED ALREADY IN YEAR 2011
    * CLAIMS ARE ASSERTED BY INVESTORS WHO INVESTED INTO INFINUS
GROUP
AND SUFFERED LOSSES IN RESPECT OF THEIR INVESTMENTS IN COURSE OF
INSOLVENCY PROCEEDINGS INSTITUTED OVER COMPANIES BELONGING TO
INFINUS GROUP
    * IN OPINION OF UNIQA ÖSTERREICH, ALLEGATIONS RAISED IN
COMPLAINT
AND OUT OF COURT ARE UNFOUNDED
    * IN OPINION OF UNIQA ÖSTERREICH, CLAIMS ALLEGED DO NOT HAVE
A
LEGAL BASIS, NEITHER CLAIMS AS SUCH NOR AS TO AMOUNTS CLAIMED
    * UNIQA ÖSTERREICH CONTESTS ALSO THOSE PURPORTED CLAIMS AND
WILL
RESORT TO LEGALLY AVAILABLE MEASURES TO DEFEND ITSELF AGAINST
ALLEGED CLAIMS

Source text for Eikon:  ID:nEQ7HFtxna 
Further company coverage:  UNIQ.VI 

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