Class Actions
In a class action a group of identical customers in an identical situation file a claim in court to get the defendant convicted to pay a claim that is based on liability. Most people forget that there is only one moment to file a class action claim and it is only possible to start a class action once. It is inevitable that if mistakes are made, the class action will result in a loss for the bank customer. And don't think a class action is free, the plaintiff has to pay.
There have been many rumours about certain lawyers thinking to do a class action on behalf of their clients. The defendant, though is very uncertain since you need to have a court order from a competent authority to be able to file a claim with success.
If you decide to go for a class action to claim losses or you have an amount on the FBME account more than 100,000 euro, make sure you choose wisely. After the introduction to the bank, the closure of the bank where there was no access to your funds for almost two years, you don't want to be taken as well by an incompetent authority.
Study liabilities of the entities involved and go for the one most likely to succeed. It is the only way to create maximum certainty in an uncertain environment.
There have been many rumours about certain lawyers thinking to do a class action on behalf of their clients. The defendant, though is very uncertain since you need to have a court order from a competent authority to be able to file a claim with success.
If you decide to go for a class action to claim losses or you have an amount on the FBME account more than 100,000 euro, make sure you choose wisely. After the introduction to the bank, the closure of the bank where there was no access to your funds for almost two years, you don't want to be taken as well by an incompetent authority.
Study liabilities of the entities involved and go for the one most likely to succeed. It is the only way to create maximum certainty in an uncertain environment.