A Dutch pension fund says it will pursue a claim for damages from the Netherlands' Central Bank after a court ruled the authority wrongly ordered the fund to sell most of its gold holdings in 2010.
By Associated Press|March 20, 2012 at 09:15 AM
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AMSTERDAM (AP) — A Dutch pension fund says it will pursue a claim for damages from the Netherlands’ Central Bank after a court ruled the authority wrongly ordered the fund to sell most of its gold holdings in 2010.
The Rotterdam District Court ruled Tuesday the central bank had failed to back its claims that the Vereenigde Glasfabrieken pension fund’s holdings were “not prudent.”
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