30th Jan 2008 14:00
Scapa Group PLC30 January 2008 30 January 2008 Scapa Group plcLitigation Update As shareholders are aware, various Scapa Group companies are named as defendantsin claims for damages arising from alleged exposure to asbestos. In a January trial in the Circuit Court for Baltimore City, Maryland, the juryreturned a verdict against Scapa Dryers Inc and co-defendant, the Wallace & GaleSettlement Trust, amounting to US$1,718,000 in total. The Board is examiningthe verdict and expects to appeal as we have with all previous adversejudgements. In 15 years of defending these cases in the USA, no Scapa Group company nor anyof our insurance carriers has admitted liability, nor made any payment to anyplaintiff under our policies. Accordingly, our insurance cover remains intactand the Board will continue to defend vigorously the outstanding claims. For further information please contact:- Calvin O'Connor Scapa Group plc Tel: 0161 301 7400Brian Tenner Scapa Group plc Tel: 0161 301 7400Mark Stirzaker Scapa Group plc Tel: 0161 301 7400Chris Hardie Arden Partners Tel: 0207 398 1639 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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