Request for Revision of Court's Ruling on Samsung

Request for Revision of Court's Ruling on Samsung Motors Case

28 Samsung affiliates including Samsung Electronics appealed to the Supreme Court on Feb 7, 2011, requesting the Court to annul the Seoul High Court's ruling against the defendants and resend the case to the Seoul High Court for rehearing.

Summary of the Lawsuit

1. This lawsuit is related to the agreement regarding court receivership of Samsung Motors, which Chairman Lee and 28 Samsung affiliates including Samsung Electronics agreed with creditors of Samsung Motors in September 1999. (Related public disclosure: Lawsuit against Samsung Electronics and its Affiliates Regarding Samsung Motors, December 22, 2005, Court's Ruling on Samsung Motors, February 14, 2008, and Court's Ruling on Samsung Motors, January 19th, 2011)

2. Plaintiffs (appellee): Seoul guarantee Insurance and 13 other parties

Defendants (appellant): 28 Samsung affiliates including Samsung Electronics