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French Clients to Sue BNP Paribas Personal Finance: Le Figaro 2014-03-03 16:42:22.96 GMT
By Fabio Benedetti-Valentini March 3 (Bloomberg) -- About 400 French clients are suing BNP Paribas Personal Finance claiming EU40m in damages and interest for misselling mortgages in Swiss francs, Le Figaro reported, citing Charles Constantin-Vallet, lawyer for a group of clients. * Mortgages were sold by BNP’s unit between March 2008 and December 2009: Le Figaro * Swiss franc’s increase vs euro led to 30% increase of reimbursement for borrowers: Le Figaro * “We dispute all the complaints”: Le Figaro reports BNP’s lawyer Ludovic Malgrain as saying
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To contact the reporter on this story: Fabio Benedetti-Valentini in Paris at +33-1-5365-5095 or fabiobv@bloomberg.net
To contact the editors responsible for this story: Frank Connelly at +33-1-5365-5063 or fconnelly@bloomberg.net; Edward Evans at +44-20-3525-3190 or eevans3@bloomberg.net