Bahrain: Alba civil suit against Dahdaleh

A civil suit brought by Alba in Pittsburgh against Alcoa reached settlement in October 2012. Alcoa did not admit liability but agreed to make a cash payment to Alba of $85m, payable in two instalments. Alcoa said in a statement that the settlement with Alba represented “the best possible outcome” and avoided the expense and time of complex litigation. Alcoa and Alba – whose chairman is now Mahmood Hashim Al-Kooheji (a prosecution witness in the London trial) – have also resumed a commercial relationship, entering into an Alumina Price Index-based long term alumina supply agreement.