18.04.2018
Masterflex SE DE0005492938
DGAP-News: Masterflex SE: Appeal dismissed and 2012 litigation ended
DGAP-News: Masterflex SE / Key word(s): Legal Matter
Masterflex SE: Appeal dismissed and 2012 litigation ended
18.04.2018 / 16:00
The issuer is solely responsible for the content of this announcement.
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Masterflex Group: Appeal dismissed and 2012 litigation ended
Gelsenkirchen, 18 April 2018 - The Federal Court of Justice has rejected a
non-admission complaint filed by Masterflex SE. The lawsuit in question was
based on an action brought in 2012 by the buyer of the two companies
belonging to the former Mobility Group, Clean Air Bike GmbH and Velodrive
GmbH, at that time essentially suing Masterflex SE for the rescission of the
trade sale agreement. This claim was rejected in the first instance. The
pending court case before the Higher Regional Court of Dusseldorf came to an
end on June 16, 2016. Afterwards, Masterflex SE was sentenced to pay the
plaintiff EUR 880,827.82 plus interest amounting to 5 percentage points above
the base interest rate since 9 November 2012. The costs of the legal dispute
of both instances were offset against each other. Masterflex SE could not
comply with this ruling and lodged an appeal (non-admission complaint) with
the Federal Court of Justice in 2016. The legal dispute is closed with the
decision of the Federal Court of Justice against the appeal. Masterflex SE
has made a corresponding amount of provisions in its consolidated and annual
financial statements, which will now take effect in 2018.
Masterflex Group specializes in the development and production of
high-quality hose and connection systems. With 14 operating units in Europe,
America and Asia, the Group maintains a nearly global presence. Its growth
drivers are internationalization, innovation, operational excellence and
digitization. Masterflex shares (German Securities ID: 549293) have been
admitted for trading in Deutsche Börse's Prime Standard segment since 2000.
Contact: Frank Ostermair/Linh Chung, Better Orange IR & HV AG, Phone: 49 89
88 96 906 14,
E-mail: [email protected]
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18.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Masterflex SE
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Germany
Phone: +49 (0)209 970770
Fax: +49 (0)209 9707733
E-mail: [email protected]
Internet: www.MasterflexGroup.com
ISIN: DE0005492938
WKN: 549 293
Indices: Prime all share
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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675955 18.04.2018
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Kunststoffe , 549293 , MZX , XETR:MZX