Legal
Spanish Court Issues Writ To Indict, Question Baron Rothschild Over Mis-selling Claims

A court in Spain has issued a writ to indict and question French banking luminary Baron David de Rothschild, who will now appear in court, a report says.
A court in Spain has issued a writ to indict and question French
banking luminary Baron David de Rothschild, who will now appear
in court, according to Olive Press, a local news
publication.
The publication said lawyer Antonio Flores, of Marbella-based
Lawbird Legal Services, has succeeded in his demand for the Denia
court to indict the chairman of Swiss holding company Rothschild
Continuation Holidays. The writ comes as part of an ongoing
criminal case against NM Rothschild & Sons, for fraud and
fraudulent advertising, the report said.
Lawbird is representing 15 expatriate couples in their action
against the investment banking company, after allegedly being
mis-sold €4 million ($5.1 million) worth of fraudulent equity
releases, it said.
“A great opportunity has opened before us to exert maximum
pressure on N M Rothschild & Sons,” Flores was quoted as
saying.
There is also a civil case in a Malaga court against the bank for
misleading advertising.
Flores claims the Baron is the person ultimately responsible for
allowing the false advertising to be distributed in Spain for the
bank’s CreditSelect Series loan, the report said.