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Don't have an account? Click here to register.Avesco Group Has Interest Of $50M In Damages Won By Celador
Thu, 08th Jul 2010 07:37
LONDON (Dow Jones)--Avesco Group PLC (AVS.LN), an international provider of services to the corporate presentation, entertainment and broadcast markets, said Thursday it has an interest estimated at $50 million in an award won by Celador International Ltd. in litigation brought by Celador against The Walt Disney Company and others. MAIN FACTS: -The jury has reached a verdict in favour of Celador International Ltd and has awarded damages of $269 million. -In full the Group's interest in the award, after costs, is estimated at approximately $50 million. -Disney retain the right to appeal. -The trial began on 1 June 2010 in the U.S. District Court of Riverside, California. -Shares closed Wednesday at 52.5 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com (END) Dow Jones Newswires July 08, 2010 02:37 ET (06:37 GMT)
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