The Hellenic Investors’ Association on Monday said the first lawsuits for damages incurred by investors with shares in retailer and accessory maker Folli Follie are only days away from being filed.
In an announcement, the group said lawsuits will be accompanied by injunctions to abrogate liens on the ATHEX-listed company’s assets, which have been signed by FF’s management as collateral and to secure borrowing needs.
The association also referred a recent A&M forensic review that uncovered possible mismanagement and irregularities dating back to 2001, while calling for class-action lawsuits against the beleaguered company.
