Martingale Risk is preparing an additional claim Opportunity Against Monte dei Paschi Siena

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Martingale Risk is preparing an additional claim based on the October 15th, 2020 Milan first level penal trial, which convicted the former MPS CEO Fabrizio Viola and former chairman Alessandro Profumo to six years and former president of statutory auditors Paolo Salvadori to three and a half years. The former CEO and Chairman were also given pecuniary fines of € 2.5 million. ​ The result of the penal trial has confirmed our pre-existing legal analysis and financial opinion of the past booking actions of the Alexandria and Santorini derivative instruments. The lawsuit will focus on MPS's substantial adjustments on non-performing loans within their financial documents from 2012-2016 and for the alleged administrative manipulation and false corporate communication in financial statements between 2012 and the first half of 2015. The October 15th, 2020 administrative trial result has been appealed and Martingale Risk is currently collecting mandates in anticipation of a confirmation in the second level court (Corte d'Appello) before filing. The second level court ruling will serve to confirm the first level court conviction ensuring a high probability of success for clients who choose to participate. ​ The lawsuit is directed at obtaining a repayment of the damages incurred from the investment losses between March 28th, 2013 to March 1st, 2018, given the confirmation of false corporate communication and manipulation in financial statements released to the market by the administrative penal trial result.