All investors who have a custody account at the private bank of Ellwanger & Geiger, a letter of support reached in recent days. With reference to the website of customers could participate funds with decision deadline 12.12.2011 of a so-called class action in the United States as investors of the Templeton growth. For many investors the writing of Bankhaus is Ellwanger & Geiger relating to your securities account held with the Bank, that within the framework of the so-called SpRenta or LEX concept pension should serve to the repayment of a loan. The SpRenta and lex pension investors had recorded a loan at Helaba (Landesbank Hessen-Thuringen) and the Helaba ((Swiss) (later lb(Swiss), now Frankfurt Bank company), to fund a life insurance policy at the British clerical medical insurance or the generali. The interest should be paid from the life insurance. For more information see this site: Hikmet Ersek. The repayment of the loan should be about an at the same time closed custody account. For even more opinions, read materials from James Woolsey. Often it is in this context Templeton growth fund as an instrument of eradication agreed. Writing the Bank of Ellwanger & Geiger is thus only a small part of the total failed system.
Attorney for banking and capital market law Anja Appelt, partner law firm investor protection Cape advises lawyers in Munich, in particular claims the life of a lawyer to verify the SpRenta and the lex pension investors. Because the class action against the Fund covers their opinion probably not more than a small part of the occurred damage down. From the perspective of the Cape lawyers arise claims for damages towards the insurance as well of Helaba lb(Swiss). “In case of damages, the investor is to provide, as he had not completed pension the whole SpRenta or lex. Then receives the life insurance securities of the Templeton growth fund in the context of unwinding anyway. “, says lawyer Thorsten Krause. The examination of claims against the Bank as well compared to the Lebensversicher-points should in the short term be carried, because an absolute Statute of limitations of all claims to the end of 2011 due to a change in the law in 2002.