Former Premiere boss Georg Kofler has hit back at charges alleging that he and his successor Michael BÃ¶rnicke were involved in investment fraud and insider trading at the German pay-TV service. Kofler told local press that the reports were groundlessÂ and that he is currently considering legal action for potential libel damage.
German shareholdersÂ interest group Schutzgemeinschaft der Kapitalanleger (SdK) had accused Kofler and BÃ¶rnicke of providing false information about the number of subscribers Premiere had at the time of its 2005 stock market flotation and 2007 recapitalisation. The SdK has also accused the pair of selling shares in Premiere at a time when accurate subscriber figures were not publicly available. Following News CorpÂs assumption of management control at Premiere, it downgraded its subscriber count by almost a million to about 2.4 million.
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19 September 2020 @ 17:00:01 UTC