Update Pending Litigation: Court reverses Previous Ruling
TIE Kinetix N.V. (“TIE”) has learned that the Court has reversed the previous ruling made by the Court in Lelystad.
The Court has decided that the case must be referred back to the Court in Lelystad, implying that the period of suspension of payments should not have been revoked.
Since December 2007, TIE has been involved in discussions and subsequently in legal proceedings with Samar. For further information on these proceedings, reference is made to TIE’s previous press releases on the matter and to the summary included in the paragraph "Legal Cases - Samar B.V.” in TIE's 2012 Annual Report, page 59.
For further information about this press release, please contact us via +31 88 369 8099 or email@example.com.
Profile TIE Kinetix
TIE Kinetix transforms the digital supply chain by providing Total Integrated E-commerce solutions. These solutions maximize revenue opportunities by minimizing the energy required to market, sell, deliver online and analyze. Customers and partners of TIE Kinetix constantly benefit from innovative, field tested, state-of-the-art technologies, which are backed by over 25 years of experience and prestigious awards. TIE Kinetix makes technology to perform, such that customers and partners can focus on their core business.
TIE Kinetix is a public company (NYSE Euronext: TIE Kinetix), and has offices in the United States, the Netherlands, France, Australia, UK, Germany, Austria and Switzerland.
TIE Kinetix N.V.
3621 ZA Breukelen
T: +31 88 369 8099
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