Tag Archives: Silver Point

LatAm discrepancies add fuel to Codere’s governance dispute

Issuing a governance filing, Bolsa Madrid gambling group Codere SA has revealed that two executive directors have resigned in relation to the firm’s LatAm auditing discrepancies. Last week, Spanish business news sources reported that Fernando Sempere Rodríguez had withdrawn from Codere governance responsibilities citing ‘a professional incompatibility’. Sempere Rodriguez resignation follows the departure of board member Alberto Manzanares Secades on …

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US ruling allows Martinez Sampedro family full disclosure on Codere investors

Connecticut’s District Court has granted the Martinez Sampedro family a major concession in its ongoing legal dispute against Grupo Codere SA’s US debt-holders, upholding the family’s ‘discovery demand’ against Silver Point, Contrarian and Abrahams Capital hedge funds. Securing its Connecticut demand, the Martinez Sampedro family – enterprise founders of Codere – will be able to access all information related to …

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Codere shareholders cancel Martinez Sampedro board representation

The boardroom dispute of Bolsa Madrid gambling group Codere SA continues as company shareholders have moved to withdraw outright the governance representation of the enterprise founding Martinez Sampedro family. A Spanish Capital Markets filing has revealed that a majority of Codere shareholders voted at the firm’s annual general meeting to remove brothers’ Jose Antonio (former President) and Luis Javier (former …

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Martinez Sampedro family seeks highest fee for Codere exit

The boardroom dispute impacting the future of Bolsa Madrid gambling group Codere SA has intensified as the enterprise founding  Martinez Sampedro family places a Spanish Capital Markets Commission (CNMV) claim against US investor Silver Point Capital. The two-year dispute takes a further turn, on a matter which an embattled Codere governance outlined would be resolved at the firm’s ‘critical AGM’ scheduled …

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The Sampedro Family launches US appeal against governance dismissal

Spanish business news sources report that the Sampedro Family, the enterprise founders of Grupo Codere have filed a US lawsuit against the firm’s private equity debt-holders, claiming unfair dismissal and non-representation from the firm’s corporate governance structures. The filing is led by former Codere President Jose Antonio Martinez Sampedro and brother Luis Javier (former Vice President), seeking to annul Codere …

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