Judge Halts Orcel’s Santander Claim Hearing as Covid Precaution
(Bloomberg) -- Court officials suspended a hearing scheduled for Wednesday examining Andrea Orcel’s claim against Banco Santander SA for reversing course on making him chief executive officer after the judge in case had to begin quarantine for Covid-19.
The session was put on hold because the judge has to go into isolation after a family member he lives with was diagnosed with the virus, the Madrid court said in an emailed statement Tuesday. It will set a new date for the hearing in coming days.
Orcel is seeking as much as 112 million euros ($133.2 million) in compensation from Santander for breach of contract after its decision in January 2019 not to make him its No. 2 executive. He is set to start as CEO of UniCredit SpA, Italy’s No. 2 bank, in April.
Santander Chairman Ana Botin was scheduled to give evidence on behalf of the bank and UBS Group AG’s Chairman Axel Weber, Orcel’s former boss, has also been called as a witness.
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