A German court has ordered Roelf Briese to pay damages to an investor because of “erroneous” information contained in a prospectus issued at the height of the shipping boom.
A higher regional court in Oldenburg, Lower Saxony, ruled that the shipowner and his company, Briese Schiffahrt, should compensate an investor for information relating to financial forecasts over a 10-year period dating back to 2007.
