MADRID (Reuters) – The top European Court on Thursday said that shareholders of Banco Popular are not entitled to be compensated for losses suffered following the resolution of the Spanish lender, almost five years ago. The ruling comes after a regional court in Spain had sought clarification from the ECJ on whether resolution rules preclude the right to compensation of shareholders who had subscribed to Popular’s 2.5 billion euros ($2.64 billion) capital increase in May 2016, based on defective information in the issue prospectus. In early June of 2017, European authorities orchestrated an ov…