DGAP-Adhoc: H&K AG: Ad hoc announcement - Heckler & Koch GmbH and Orbital ATK Inc. reached amicably settlement
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DGAP-Ad-hoc: H&K AG / Key word(s): Legal Matter
Heckler & Koch GmbH and Orbital ATK Inc., incorporated Alliant Techsystems LLC ("ATK"), amicably settled the litigation brought before the Minnesota District Court. In its claim filed in January 2017, ATK claimed compensation of more than $ 27 million. Heckler & Koch GmbH pays $ 7.5 million (payable in three installments due until 30 June 2019) to ATK which cover, among others, reimbursements of legal fees and expenses as well as the resolution of all legal claims of ATK. Both parties dismiss all pending lawsuits and are looking forward to a strong cooperation in reviving their common program.
10-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | H&K AG |
| Heckler & Koch-Straße 1 | |
| 78727 Oberndorf am Neckar | |
| Germany | |
| Phone: | 07423 79-0 |
| Fax: | 07423 79-2327 |
| E-mail: | [email protected] |
| Internet: | www.heckler-koch.com |
| ISIN: | DE000A11Q133, XS1649057640 |
| WKN: | A11Q13 |
| Listed: | Foreign Exchange(s) Paris |
| End of Announcement | DGAP News Service |
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702975 10-Jul-2018 CET/CEST
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