Malacalza Investimenti and Malacalza v ECB

Judgment of the General Court of 5 June 2024 –�Malacalza Investimenti and Malacalza v ECB(Case T-134/21) 1(Non-contractual liability – Economic and monetary policy – Prudential supervision of credit institutions – Decisions taken by the European Central Bank (ECB) concerning Banca Carige – Articles 4 and 16 of Regulation (EU) No 1024/2013 – Sufficiently serious breach of a rule of law intended to confer rights on individuals – Legitimate expectations – Conflict of interests – Proportionality – Equal treatment – Right to property – Plea of illegality)Language of the case: Italian Parties Applicants: Malacalza Investimenti Srl (Genoa, Italy), Vittorio Malacalza (Genoa) (represented by: L. Boggio, S. Carbone and A. D’Angelo, lawyers)Defendant: European Central Bank (represented by: R. Bax and A. Pizzolla, acting as Agents)Intervener in support of the defendant: European Commission (represented by: D. Triantafyllou, P. Messina and A. Steiblytė, acting as Agents)Re:By their action under Article 268 TFEU, the applicants seek compensation in respect of the harm which they claim to have suffered as a result of the unlawful conduct of the European Central Bank (ECB) in the exercise of its supervisory function of Banca Carige between 2014 and 2019. Operative part of the judgment The Court:Dismisses the action;Orders Malacalza Investimenti Srl and Mr Vittorio Malacalza to pay the costs.____________1     OJ C 163, 3.5.2021.