Meyer Burger Faces Legal Action and Shareholder Loss

Schweizerischer Anlegerschutzverein (SASV) is preparing a lawsuit against Meyer Burger Technology AG (MBT) and its current and former board members due to repeated misinformation and failure to publish required announcements. This has led to significant harm to shareholders, with potential total loss looming due to insolvencies in German and American subsidiaries.

Last week, the Oberland Regional Court intervened by appointing Franz Richter as MBT's sole board member after the company failed to hold a general meeting. Following Andreas Herzog's resignation, MBT is left without board members residing in Switzerland.

MBT has been accused of overinflating technical performance claims and breaching agreements, leading to insolvencies. Moreover, finished module inventories are suspected to be overvalued. SASV is urging affected shareholders to join the legal action, offering participation without financial risk.