Monday, November 17, 2014

Attracts class action against Northland – helagotland.se

Attracts class action against Northland – helagotland.se

The lawyer, John Foreman, appeals via online broker Avanza savings economist Claes Hemberg that shareholders suffered losses of Northland shares purchased prior to 23 January 2013, in touch and authorize him to speak for them.

According to the Advocate Northland extensive assets despite being subjected to severe pressure and activity is down.

It’s been almost two years since Northland revealed with miljardhål in the budget. Among the participants in the support package that saved the company then was state LKAB, Folksam, Peab and Metso.

But despite Northland managed to avoid bankruptcy with new loans and capital contributions Spring 2013 has not been able to achieve profitability and cover the cost of necessary investments.

The

Northland, which in autumn terminated virtually all employees, presented last week a so-called scheme of arrangement in which major creditors would have to settle for 25 percent of the claim or defer payment for 2022.

The ongoing reconstruction has recently been extended by Luleå District Court.

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