Further re Litigation
2010年4月2日 - 1:13AM
RNSを含む英国規制内ニュース (英語)
TIDMARGO
RNS Number : 6911J
ARGO Group Limited
01 April 2010
1 April 2010
Argo Group Limited
(the "Company")
Litigation
The Company wishes to announce certain developments in the litigation claim
filed by The Cascade Fund, LLLP in which the Company is named as a defendant
(the "Claim").
The Claim was filed in Colorado, USA in June 2008 by an investor in several of
ACMH Limited's ("ACMH") investment funds and initially named ACMH and certain of
its former executives as defendants. On 2 March 2009 the Company announced that
it had been named as an additional defendant. The plaintiff alleged successor
liability against the Company on the basis of the Company's demerger from ACMH,
and sought redress against the Company in the event that the Claim against ACMH
is successful. ACMH and the Company filed separate motions to dismiss the Claim
in October, 2008 and September 2009, respectively.
On 31 March 2010, the United States District Court for the District of Colorado
granted ACMH's motion to dismiss the Claim against ACMH and certain other
defendants. The ruling did not consider the Company's motion to dismiss the
Claim, which remains pending before the Court. Further announcements will be
made as appropriate.
Enquiries
+------------------------------------+------------------------+
| Kyriakos Rialas | Tel: +357 22-668900 |
+------------------------------------+------------------------+
| Jeremy Bradshaw | Tel: +44 (0)20 7535 |
| | 4000 |
+------------------------------------+------------------------+
| | |
+------------------------------------+------------------------+
| Panmure Gordon | Tel: +44 (0)20 7459 |
| | 3600 |
+------------------------------------+------------------------+
| Dominic Morley | |
+------------------------------------+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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