7th Jun 2007 14:04
Scapa Group PLC07 June 2007 7 June 2007 Scapa Group plc As shareholders are aware, various Scapa Group companies are named as defendantsin claims for damages arising from alleged exposure to asbestos. In April 2007 a trial commenced before a jury in Middlesex County, New Jersey,regarding the claims of asbestos exposure of five former paper mill workers. The jury has now returned a defence verdict in favour of Scapa Dryers Inc inrespect of two of the plaintiffs and a verdict against in respect of the otherplaintiffs amounting to US$832,000. The Board is examining the verdict andconsidering the grounds to appeal. In almost 15 years of defending these cases in the USA, no Scapa Group companynor any of our insurance carriers has admitted liability, nor made any paymentto any plaintiff under our policies. Accordingly, our insurance cover remainsintact and the Board will continue to defend vigorously the outstanding claims. For further information please contact:- Calvin O'Connor Scapa Group plc Tel: 0161 301 7400Mark Stirzaker Scapa Group plc Tel: 0161 301 7400 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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