Court dismisses EUR 238 million Kingstown lawsuit against CPI Property Group subsidiary CPI FIM

• Luxembourg District Court dismissed all Kingstown claims against CPI Property Group subsidiary CPI FIM on October 16, 2026, ruling them inadmissible.
• The lawsuit, filed in January 2015, sought approximately EUR 238 million in damages, up from EUR 19.5 million originally.
• Kingstown failed to establish personal losses or a direct link between alleged wrongdoing and claimed damages.
• The plaintiffs must pay proceeding costs and procedural indemnities of EUR 10,000 each to CPI FIM and four individual defendants.
• The judgment is subject to appeal.

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