SHINHAN FINANCIAL: Shinhan Bank Facing 32 Disclosure Lawsuits

Shinhan Financial Group Co., Ltd. disclosed in its 20-F filing with the U.S. Securities and Exchange Commission that as of December 31, 2009, there were 32 cases, that may involve breach of disclosure requirements, unfair inducement or similar acts, filed…

SHINHAN FINANCIAL: Group and Subsidiaries Facing 302 Lawsuits

Shinhan Financial Group Co., Ltd. disclosed in its 20-F filing with the U.S. Securities and Exchange Commission that as of December 31, 2009, the company and its subsidiaries were defendants in 302 pending lawsuits (including any government proceedings) in the…

SHINHAN FINANCIAL: KIKO Lawsuits Still Pending in South Korea

Shinhan Financial Group Co., Ltd. disclosed in its 20-F filing with the U.S. Securities and Exchange Commission that it remains a defendant in individual and collective lawsuits in connection with the sale of foreign currency derivatives products known as “KIKOs,”…