31st Jan 2014 14:18
LONDON (Alliance News) - Dewhurst PLC Friday said one of its subsidiary's has received a complaint against it by AIG Specialty Insurance, claiming USD7 million in respect of a purported product failure of a component supplied to a third party.
The company, which supplies quality components to the lift, keypad and transport industries said its subsidiary Dewhurst Hungary KFT, received the complaint from the District Court of Arizona.
It said that the subsidiary will defend the claim with "the utmost vigour."
Dewhurst shares were down 2.9% Friday afternoon at 500.00 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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