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Santander will pay 150 million to Elliott to settle Consumer USA's lawsuit

by
Santander will pay 150 million to Elliott to settle Consumer USA's lawsuit

The bank estimates insurance company Allianz will cover most of the costs.

Santander will pay activist fund Elliott $162.5 million (€149 million) to settle a class action lawsuit filed by former minority shareholder Consumer USA in 2022, after subsequent buybacks and exclusions

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