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Action Orpea

ORPEA investors seek redress from directors.

Mistakes were made. ORPEA's management was in possession of key information, disclosed after the fact, which had a crucial influence on the stock markets. This revelation had catastrophic consequences: the share price plummeted, the company was placed in receivership, shareholders were restructured and diluted. The result: a near-total loss of the investments made.

Today, it's time to assert our rights and demand compensation. Faced with a giant as directly backed by the State as ORPEA is, our strength lies in our unity. Together, we can get the compensation we deserve.

2 questions to check your eligibility?

Are you currently a shareholder in ORPEA?

Who is behind?

The Collectif des Investisseurs d'ORPEA is an association, governed by the provisions of the law of 1901 and currently registered with the Préfecture de Paris, whose vocation is to act in the interests of ORPEA members. The association's primary aim is to bring together all aggrieved shareholders (i.e. all shareholders) in order to raise their voices, in unison, before the French courts and enable them to obtain redress.

The association's representatives will be responsible for selecting the law firm to represent the shareholders, and for communicating with members and the press.

The office is at your disposal to discuss and meet with you

What to do?

Together, we'll be ten times stronger. Faced with an institutional player, the union of ORPEA investors is essential to assert our rights and obtain the compensation we deserve.

Collective action is not just an option, it's a necessity. By banding together, we strengthen our voices, and give this approach the power it needs to maximize our chances of success and obtain just compensation.

The faults have been established and the damage is irreversible. From now on, it's up to each shareholder to take action to claim the compensation due to them.

Support Service

Financial terms and conditions

The costs of participation and opening the action amount to €100 excluding VAT per applicant.

To this sum is added a success fee corresponding to 20% excluding VAT of the sum obtained.

Estimated duration of the procedure

12 to 24 months on average

A roadmap established

Join the association and the action

After the outrage, the time for action has come. You have suffered the mismanagement committed within Orpea: demand compensation.

Check your eligibility and register to join us.

Transmission of documents

Once the firm has been selected, you will need to provide all the supporting evidence to prove your status as a shareholder (purchase order, sale order, etc.).

Filing the summons

The writ of summons will be filed with the competent court no later than January 2025.

FAQ

Here you will find the answers to the frequently asked questions.

We have no minimum number of participants to open the action. However, ORPEA is a giant directly backed by the State, and there is strength in numbers against such a company.

Thereafter, the lawyers will exchange their written submissions, until a pleading hearing is scheduled. Several postponements will be necessary before the case is ready for oral argument, not least because of its complexity.

The average duration of a legal action in this type of dispute is between 18 and 24 months. The first writ of summons will be filed in January 2025.

Registration costs €100 excluding VAT. This fixed fee is accompanied by a performance fee of 20% (excl. VAT) of the sums obtained. This fee will be deducted directly from the amount obtained upon payment by ORPEA. No costs other than the initial €100 (excl. VAT) will need to be advanced by investors.

If you have invested through a legal entity, the following documents must be submitted:

  • Kbis;
  • Order book history or purchase order for all your ORPEA shares, showing the purchase price and subscription date.

For individuals, the documents are as follows:

  • Identity card;
  • Order book history or purchase order for all your ORPEA shares, showing the purchase price and subscription date.

The action is open only to persons who were shareholders of ORPEA on January 25, 2022. Therefore, if you sold your shares before this date, you will have no interest in bringing an action. If you sold your shares after that date, then you have suffered a loss. In this case, you are entitled to claim compensation..

It should be noted that the association has negotiated the involvement of LitFin, an investment fund and leader in the financing of lawsuits in Europe, which will cover all the costs necessary for the action to run smoothly and which the registration fees would not cover (economic expertise, procedural costs, communication, etc.)..

In the association's view, the faults that led to the Group's failure were directly attributable to ORPEA's management bodies at the time the events occurred.

Article L. 225-251 of the French Commercial Code stipulates that:

"Directors and Chief Executive Officers are individually or jointly liable, as the case may be, to the company or to third parties, either for breaches of the laws or regulations applicable to sociétés anonymes, or for breaches of the Articles of Association, or for misconduct in their management.

If several directors, or several directors and the managing director, have cooperated in the same acts, the court will determine the contribution of each to the reparation of the damage."

Following in-depth research, the association has targeted various types of fault. Here are just a few examples:

  • Withholding information;
  • Lack of reaction when in possession of convincing evidence;
  • Faulty perseverance in maintaining the Group's strategic policy.

The loss suffered is a loss of opportunity. Indeed, the association, in consultation with an economic appraisal firm, recommends quantifying a loss of chance (i) on the movement of the stock in question (loss of the chance to acquire the stock at a lower cost or to sell it at a higher price), and/or (ii) on the realization of an alternative investment.

Our watchword is transparency. That's why the whole team will be available at regular intervals to hold webinars open to all, with advice..

Finally, all information is sent to you by e-mail via a dedicated newsletter..

Still have questions?

For assistance, please contact us at info@action-orpea.fr. Our dedicated team is ready to help you.

About Us

The Association "Collectif des Investisseurs d'ORPEA" is a 1901 association registered with the Préfecture de Paris.

The President of the Association is Mr. Kévin ROMANTEAU. As an ORPEA shareholder, he was outraged by the restructuring carried out by the company's management, which relegated investors to the role of victims. Wishing to act rather than suffer, he met with various players in the industry to express his determination to take legal action.

With the support of the LitFin investment fund, Europe's leading trial financier, Mr ROMANTEAU has built a strategy to bring together all aggrieved investors and ensure that everyone has a chance to react.

As this action is not his own, Mr. ROMANTEAU wishes to use the association as a vehicle for a common voice.

More about Kevin Romanteau

Kevin Romanteau graduated from London Business School and is the founder of Whitelight Capital. Prior to this, he spent four years as an EMEA investment banker with BNP Paribas, Société Générale and Citi Bank before joining an equity fund in Germany.

Passionate about shareholder activism, he published "The Golden Age of Activism Investing", which has been cited in numerous articles and led to consultancy assignments and appearances at the French Ministry of Economy and Finance and the Middle East Investment Summit, respectively.

Kevin has utilized his multi-faceted perspectives to write four books on investment banking and commodities.

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Join the action

Acting against ORPEA directors

1. Fill in the form

All you have to do is provide the information requested.

If you have invested through a company, then you will need to complete the "Legal entity" form. Otherwise, the "Individual" form is for you.

2. Sign the fee agreement

You must agree to pay the fees of the lawyer retained by the association. It has already been decided in our specifications that the cost of the intervention should be limited to a fixed fee of €100 exclusive of tax, plus a result fee of 20% exclusive of tax of the sums obtained.

This method seems to us to be the best way of associating our advisors with the success of the action, while at the same time making it accessible to as many people as possible.

You will have to scroll to the end of the fee agreement to be able to accept it.

3. Pay fees

Once the agreement has been accepted, you will be redirected to a payment module where you can pay the fixed fee (€100 excl. VAT) by credit card.

As soon as your payment has been received, your registration will be considered definitive.

4. Send your parts

All correspondence with the firm and the association will be sent by e-mail. We therefore ask you to be particularly careful with the address you send us.

A unique and personal link will be sent to you so that you can send us all the documents required to complete your request.