01 Those affected by Banco Popular
The chapter of the Banco Popular financial crisis ended with its acquisition by Banco Santander for a symbolic one euro. With that transaction, however, thousands of shareholders lost a great deal more.
Over its last five years, Banco Popular published financial information that eventually proved to be false. Behind the bank's apparent solvency lay enormous losses that would ultimately destroy it. Banco Santander bought it. But through that transaction all Banco Popular shares lost their entire value. Thousands upon thousands of small shareholders lost their investment and became the people affected by Banco Popular and its dreadful handling of the crisis it was going through.
Those who bought Banco Popular shares on the basis of the annual accounts the bank published, which did not reflect reality, could of course claim their investment back, although after the judgment of the Court of Justice of the European Union of 5 May 2022 that route is generally closed. At Escalera & Tuset we are specialists in banking law, finance law and consumer rights. We take on preparing, filing and handling your Banco Popular share claim so that you have nothing to worry about.
02 Lawyers specialising in recovering Banco Popular shares
Did you buy shares in the capital increase Banco Popular carried out in 2016? Do you hold subordinated debt from 2011 maturing in 2021? Do you have convertible bonds from 2009 exchanged in 2011, or bonds convertible into shares in 2015? In all those cases we can help you. The lack of information at the time those financial products were acquired justifies a civil claim: one we want to win for you so that justice is done.
We are specialists in claims over Banco Popular shares. We study each case carefully so as to take the most effective steps in each situation. All you have to do is call us, tell us everything about your case, and the professionals in our banking law department will start work as soon as possible so that you get your money back. As experts in claims over fraudulent financial products, we know how to get the most out of every small step in the process.
But why do efficiency and getting things right matter so much? Because there is a deadline for claiming over Banco Popular shares: four years from when the defect in consent at the time the shares were acquired became known. It is therefore best to act as quickly as possible. As happened with Bankia shares, the courts are protecting consumers' rights. But we have to move now.
03 We help you claim over Banco Popular shares
At Escalera & Tuset we put all our experience in banking law, and specifically in defending consumers' rights against fraudulent products, at the disposal of those affected by Banco Popular. And we do so through a service entirely tailored to you. On that score, we do not recommend group claims over Banco Popular shares, since each affected person's case has its own particular features. We analyse your specific situation, design a strategy made to measure and put it into practice for you.
What is more, our fees are recovered by the client where the judgment goes in their favour. The order that Banco Santander pay costs covers those fees, so the client recovers the amounts paid on that account. Wait, Banco Santander? Yes. It took over the assets and liabilities of Banco Popular when it bought it. To recover Banco Popular shares, the claim has to be brought against Banco Santander. Let us take care of everything.
If you need lawyers in Madrid to advise you, Escalera & Tuset is the answer. If you need lawyers who can defend you, Escalera & Tuset is the answer. If you need information, Escalera & Tuset is the answer. We are here purely to help you in the way you need. Get in touch now.
