Sunday, February 2, 2014

This indemnity placard is broken down into three major items. The first is the damages, ie, the fin


"I was struck by a case. There was a lady who was toilet at the airport, he had a million dollars saved, they were to pay for the education of his daughter. The broker makes your suggestion why not invest in shares of La Polar. That lady bought CLP $ 1,800 and the action placard today costs less than $ 70 CLP "says attorney Barbara Salinas.
As that case, counsel gathered 250 minority shareholders of La Polar, placard who will attend Tuesday justice and affix a claim for damages after the scandal of unilateral renegotiations of the department store.
On the side of the defendants, the action shall be held against 15 individuals and companies involved in the case. With Pablo Mayor, Julián Moreno, Maria Isabel Farah, James Grage, Nicolas Ramirez, Martin Gonzalez, Ismael Tapia, Pablo Fuenzalida, placard Marta Bahamonde, sorting and Fitch Chile Feller (and their legal representatives), the auditor PwC and Alejandro Joignant (who led the team auditor of the department store).
The 250 shareholders seeking to be compensated for the financial losses suffered as a result of unilateral renegotiations scandal that came to public light in 2011. Altogether seeking compensation placard would add an amount equal to U.S. $ 37 million.
This indemnity placard is broken down into three major items. The first is the damages, ie, the financial loss resulting from the fall in the value of the shares after the scandal, which estimates Barbara Salinas corresponds to a combined figure of about $ 11.8 million. This, by computing the difference between the price at which each shareholder bought prior to bursting event titles, and the value that remained after (whom sold or, in the case of those already alienated their titles).
The second item is the loss of profit, ie, the economic damage from being in a company with losses in circumstances that these shareholders entered the property with the belief that the firm had profits, and instead of having invested in other instruments which had itself given the returns they expected.
The third item is the moral harm that legal action is recorded as a fixed amount placard of $ 30 million per shareholder, an estimated $ 15 million placard between them. "There are people who invested all their savings in this company and has had tremendous suffering. Young people would take the stand to your home. Or have generated most intimate problems, double ... familiar character, "says the lawyer.
Salinas, who sponsors the cause together with attorney Jose Ignacio Urrutia, Urrutia study Soto Peralta explains that legal action will enter Tuesday to civil justice, which has to do with timing combining two factors: first, that the edge criminal case was "more mature" (already submitted the indictment by the prosecution) and, on the other hand, could no longer waiting for the beginning or less after the criminal trial to achieve it.
Lawyers estimate that the likely placard scenario is that the edge is criminal Jan. 27 justice accepts expand research and give more time to the defense of the accused, placard as they have requested, to provide further proceedings. And if that happens, the criminal trial deadlines are extended to the point of not making it compatible with the deadlines that have affected to sue civilly.
"We can easily be two years with a criminal case regarding La Polar. And from the civilian point of view, we have a statute placard of limitations, which is five years counted from the facts, on June 9, 2011. Risk could be very on the edge, "says the lawyer. And believes that existing background, with administrative sanctions and studied by the Superintendency of Securities and Insurance (SVS) and Banks (SBIF), give them a good livelihood to file the complaint and believe it can come to fruition.
"Because we represent a percentage of shareholders who still has that quality and, therefore, are owners of the company. Empresas La Polar sue would be nothing to be sued themselves. placard In addition, and frankly, there is a criterion of reality. La Polar, with the new administration, is a company that is like a phoenix trying to rise from the ashes and we have to be realistic about it, if we are looking for economical repair, we have to search where we find some potential for is answered. Otherwise, we are left with a nice judgment, a moral victory, unable to run. "
"We left the door open for the court to weigh and determine how, at what rate and how, if at all to be condemned these people are going to have to go to the payment of compensation."
"This is a

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