In a comprehensive settlement agreement, Hamburg-based Conergy AG and former members of the board of management came to an arrangement to end their disputes. At the same time, an agreement was made with investors to settle the model lawsuit pending with the Hamburg Higher Regional Court. Partner Dr. Thorsten Kuthe of Heuking Kühn Lüer Wojtek's Cologne office advised one of the management board members in the various trials that had been continuing between Conergy AG and investors since 2008.
The agreement with the former management board members will require the approval of the general shareholders' meeting.
Counsel to Heiko Piossek:
Heuking Kühn Lüer Wojtek, Cologne
Dr. Thorsten Kuthe,
Kristian Franz, all Capital Market Law.