Grifols’ minority shareholders sent a letter to the National Securities Market Commission (CNMV) to request all available information about the company: “All shareholders should be informed”, describe sources familiar with the situation. For publishing ‘assets’, the CNMV sent a letter to the pharmaceutical company, demanding that it disclose who is part of Scranton, a company based in the Netherlands and affiliated with Grifols (Gotham’s bearish fund). City came to the spotlight after suspecting that the account was being used to account for the Spanish company.
Grifols’ minority shareholders are demanding that the Securities Commission access the file or make the investigations public because they emphasize: ” CNMV should ensure transparency. “If they don’t, the majority shareholders will have more information because one of the companies involved (Scranton) is not transparent in Spain.”
action in court
Both law firms in the United States and some firms in Spain are considering suing the company’s executives who represent minority shareholders. This is using the laws of intellectual capital companies of minorities. Take social responsibility action. As ‘Entities’ published, American law firms (Grifols is listed in the United States through ADRs) will sue the Catalan pharmaceutical company based on the fact that, in their opinion, it passed “false information” to the market. In fact, these firms have submitted forms to investors seeking to take legal action against the pharmaceutical company and have also requested cooperation in gathering information that could help demonstrate violations of U.S. exchange laws. Minority shareholders in Spain who are considering joining the request of law firms in the United States They would direct their claims through civil litigation in order to seek compensation: “The damage is done to the company,” the sources consulted explain, “and the executives are asked to pay the company, which ultimately benefits the shareholder. The American approach is to pay the shareholder directly.” company.bag.
Grifols shares are piling up a 46% drop so far this yearThis means that approximately €4,000 million of the company’s market capitalization is volatile.
As published by ‘La Vanguardia’, Grifols hired the law firm Proskauer to sue Gotham in the United States.