After three years of diligent negotiations, a GBP 1.4 billion settlement went into effect against Steinhoff International Holdings NV. This represents the second-largest settlement against a European company in a…
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Steinhoff
Claimants in the Steinhoff class action can’t shake the suspicion that former chair Christo Wiese is getting far more than he should. A proposed global settlement in the class action has Wiese’s recovery rate estimated to be at least eight times more than that of shareholders—and possibly as much as 15 times more.