Walsh’s Stephen Greenberg Facilitates €1.3 Billion Settlement
Stephen Greenberg, counsel with Walsh, and Yves Herinckx, together facilitated the successful mediation of a massive European recovery effort arising out of the 2007-2008 global financial crisis and involving Fortis, a European entity which is now called Ageas. The case arises from Fortis’ participation in the 2007 acquisition of ABN Amro and a securities offering which made that acquisition possible. claims settled by Greenberg arise out of the securities offering. Rights holders claimed that disclosure regarding ABM Amro’s subprime mortgage exposure was not adequately disclosed. The case was successfully resolved with Ageas expressly denying unlawful conduct on its part.