Investegate |Olainfarm Announcements | Olainfarm: A civil case has been initiated in the claim of JSC Olainfarm for the damage caused

Olainfarm
A civil case has been initiated in the claim of JSC Olainfarm for the damage caused
A civil case has been initiated in the claim of JSC Olainfarm for the damage caused
Pursuant to the decision of the shareholders' meeting of September 22, 2020, the Management Board of JSC Olainfarm has filed a lawsuit against the former members of the Management Board of JSC Olainfarm. By the decision of the Vidzeme Suburb Court of Riga City on 12th of April 2021, a civil case has been initiated in the claim of JSC Olainfarm against former members of the Management Board who entered into an agreement with Banestar Management Limited, causing losses in the amount of EUR 26,067,760.05.

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