The Paris judicial court has ruled in a long-running dispute over Leonteq-engineered EMTNs sold via French intermediaries and wrapped in life insurance contracts.
The Paris judicial court has ruled against Leonteq Securities Europe GmbH in a case brought by a group of French investors including professional footballer Moussa Sissoko, ordering the Swiss structured‑products specialist to compensate several claimants for losses linked to a series of EMTNs sold between 2013 and 2017. The claimants argued that the EMTNs had been mis‑presented as bond‑like investments with guaranteed coupons and capital protection at maturity The judgment, delivered on 16 A