Judgment of the Court (First Chamber) of 11 September 2025.#D.E. v Banco Santander, SA.#Request for a preliminary ruling from the Tribunal Supremo.#Reference for a preliminary ruling – Directive 2014/59/EU – Resolution of credit institutions and investment firms – General principles – Article 34(1)(a) and (b) – Bail-in – Write-down of capital instruments – Effects – Article 53(1) and (3) – Article 60(2), first subparagraph, points (b) and (c) – Protection of the rights of shareholders and creditors – Purchase of capital instruments – Flawed and incorrect information provided in the prospectus to be published, inter alia, when securities are offered to the public – Action for a declaration of nullity in respect of the agreement for the purchase of capital instruments – Action for damages – Actions brought before the adoption of resolution measures.#Case C-687/23.