New Pescanova, a company owned 80 percent by seven banks that paid a bailout in 2015 to save the company from bankruptcy, filed a lawsuit against old Pescanova’s shareholders, who own the remaining 20 percent of the company, on May 12, reports Cincodias.

The new company claims old Pescanova shareholders signed two contracts on Oct. 27 in a “unilateral and not transparent manner, in a clear infraction of loyalty towards the rest of the shareholders […] exclusively to benefit old Pescanova and damage the new company.”

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