The Landgericht Nürnberg-Fürth has approved a class action lawsuit over the open-ended real estate fund Uni Immo Wohnen ZBI. It will examine whether risks were misrepresented in the key information document. Investors can join at low cost.
The Landgericht Nürnberg-Fürth approved the proceeding under the Kapitalanlage-Musterverfahrensgesetz. It will check whether the fund company misrepresented risks in the key information document.
Christian Herrmann of the law firm Tilp, who initiated the case, said investors can now join at low cost without filing individual suits.
A favorable ruling would benefit all participating investors. The case serves as a model for similar claims.
