Covéa and CEO Derez fined €19.6m over SCOR takeover dispute

11-11-2020

Covéa and CEO Derez fined €19.6m over SCOR takeover dispute

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The Paris Commercial Court has ruled that Covéa chairman and chief executive Thierry Derez committed a "serious breach" of his legal and fiduciary duties and obligations as a director of SCOR, ordering him to pay the French reinsurer €19.6 million in compensation for the damage plus interest.


Covéa, SCOR, Thierry Derez, Takeover, Court, Judgment, Misconduct, Lawsuit, Reinsurance, France, Europe

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