Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
Bad Oeynhausen (euro adhoc) – Balda AG settles lawsuit filed because of
Bad Oeynhausen, 23 June 2010 – Balda AG, listed in the SDax segment of the
Frankfurt Stock Exchange, settled the lawsuit filed because of negligent
advice against a former consultant with an out-of-court settlement. ‘We are
very satisfied with this solution. It is preferable to the continuation of
the lawsuit in court and appeal proceedings’, Balda CFO Rainer Mohr
explained. The Cologne District Court had given justice Balda on its merits
in the first instance. The defendant had filed an appeal.
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Company Profile Balda AG
The Balda Group develops and produces complete plastic assemblies,
electronic products and products for the medical industry. The customers of
Balda are leaders in business from the mobile, entertainment and electronic
communications as well as pharmaceutical and medical technology markets.
The group has an international position with product sites in China,
Malaysia and Germany. A subsidiary in the United States serves North
American customers in product design and development. As part of a
shareholding in a leading manufacturer of touch screens in China, Balda
participates in the dynamic touch screen displays market.
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This corporate news announcement includes ‘forward-looking statements’
which are based on the current expectations of the management of Balda.
They are subject to risks and uncertainty because they relate to events and
depend on circumstances that will occur in the future, such as, for
example, developments in the mobile communications industry, changes in
technology and the ability to timely and successfully develop new products
and various other factors. Balda does not undertake any obligation to
update publicly or revise forward-looking statements except to the extent
This corporate news announcement is not an offer of securities for sale or
a solicitation of an offer to purchase securities in the United States or
elsewhere. The shares in Balda AG (the ‘Shares’) may not be offered or sold
in the United States or to or for the account or benefit of U.S. persons
(as such term is defined in Regulation S under the U.S. Securities Act of
1933, as amended (the ‘Securities Act’) unless registered under the
Securities Act or pursuant to an exemption from such registration. The
Shares have not been and will not be registered under the Securities Act.
Further inquiry note:
Tel.: +49 (0) 5734 922-2728
issuer: Balda AG
Bergkirchener Str. 228
D-32549 Bad Oeynhausen
phone: +49 (0) 5734 9 22-0
FAX: +49 (0) 5734 922-2747
sector: Semiconductors & active components
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München