Litigation Update (4594G)
2011年5月12日 - 3:44PM
RNSを含む英国規制内ニュース (英語)
TIDMARGO
RNS Number : 4594G
ARGO Group Limited
12 May 2011
12 May 2011
Argo Group Limited (the "Company")
Litigation Update
Following various updates, most recently on 1 April 2011, the
Company is pleased to announce the following in relation to the
claim filed by The Cascade Fund, LLLP in which the Company is named
as a defendant (the "Claim").
Background
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.
On 1 April 2011 the Company announced that the Court granted the
Company's and ACMH's motions to dismiss Cascade's second amended
complaint in its entirety. In its order, the Court stayed the
dismissal of the Claim and granted Cascade the right to amend and
re-file its Claim to attempt for a third time to establish a valid
claim against ACMH and the Company.
The Company is pleased to announce that the time for Cascade to
have amended and re-filed its Claim has expired and no amended
Claim was filed.
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
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