Banca Carige shareholders lose European Central Bank damages appeal
( May 21, 2026, 09:19 GMT | Official Statement) -- MLex Summary: Italian businessman Vittorio Malacalza and Malacalza Investimenti — who held shares in Banca Carige — may not obtain damages from the European Central Bank over supervisory measures imposed during the financial crisis, the EU Court of Justice has ruled in an appeal against a judgment by a lower EU court. Judges said the lower court was wrong to find that relevant ECB banking supervision rules did not confer rights on shareholders, but still concluded that the ECB had committed no sufficiently serious breaches that could trigger liability.Judgment attached (in French). Case reference is C-557/24. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.