Saudi Arabia: Settlement in principle for Samsung and Alcoa
Issue 1019
- 15 Jul 2016
| 1 minute read
Samsung Engineering and Alcoa Inc have reached a “settlement in principle” over a complaint the Korean firm filed in March against the aluminium producer, which sought $202m in damages, according to recent filings at the District Court for the Southern District of New York. The settlement, once finalised, will result in the dismissal of the action with prejudice (which means the case is over forever).
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