Directed to equity shareholders (BMPS) ISIN:  IT0005218752


In the last ten years MPS has committed a long series of serious violations related to the disclosure to the market of false information through financial statements and other official public documents. MPS has carried out numerous speculative complex financial transactions aimed at altering its actual economic and financial situation to the detriment of investors.

Between 2013 and 2018, CONSOB, the supervisory authority for the Italian financial products and intermediaries, sanctioned MPS multiple times for falsifying their 2008, 2009, 2010 and 2011 financial statements and for the non-compliance of their consolidated 2014 financial statement and the non-compliance of their June 2015 semi-annual financial report.

Since 2015, MPS has lost approximately 99% of its market value. Between 2016 and 2017, CONSOB suspended MPS shares from trading for almost a year. After being readmitted to trading, MPS lost more than 80% of its value in just over a year.


Martingale Risk will begin the litigation process on behalf of all funds that invested in MPS equity shares in the period of 2009-2018. Martingale Risk will consider individual, group, and multiple group actions.

The lawsuit is directed at obtaining a repayment of the damages suffered from investment losses in 2009-2018, given the manipulated financial statements released by MPS and the multiple violations sanctioned by CONSOB.


Our Process


  1. Preliminary Evaluation: we will perform a preliminary free evaluation to establish: (i) if the case is suitable for litigation, in our view, and (ii) the probability of recovering the estimated loss.
  2. Mandate: if the case is suitable, we will agree on a mandate for negotiation and litigation where the most of our compensation will be success fee based.
  3. Analysis and Negotiation: we will perform an in-depth technical analysis on the specific documentation and, based on the documentation, we will negotiate with the counterparty for a reimbursement of the loss.
  4. Litigation: if the settlement is not reached, we will pursue litigation through our network of lawyers.

Investors interested should contact:

Peter Ogden

+39 0632652828

Martingale Risk provides highly specialized litigation services in Italy.