Lemminkäinen appeals against District Court’s decisions concerning damages related to the asphalt cartel
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 31 MARCH 2014 AT 9:00 A.M.
LEMMINKÄINEN APPEALS AGAINST DISTRICT COURT'S DECISIONS CONCERNING DAMAGES RELATED TO THE ASPHALT CARTEL
Lemminkäinen has decided to appeal against decisions of the District Court of Helsinki concerning damages related to the asphalt cartel to Helsinki Court of Appeal. In Lemminkäinen's opinion, there are some judicial aspects in the decisions of the District Court, where the conclusions of the District Court differs from previous legal practices. Such judicial aspects are related to the questions of prescriptions and value added tax, for example. Lemminkäinen will appeal against all 35 decisions, where the plaintiffs' claims were upheld.
On 28 November 2013, the District Court of Helsinki gave its decisions concerning damages related to the asphalt cartel. Lemminkäinen has published releases of these decisions and their implications on 28 November, 2 December and 20 December 2013 as well as 7 February 2014.
The damages decided by the District Court were recorded in Lemminkäinen's fourth quarter result in 2013. Lemminkäinen paid the damages in January 2014.
Background information about the case can be found at: http://www.lemminkainen.com/Lemminkainen/Investors/Lemminkainen-as-an-investment/Asphalt-cartel-issue/
Johan Nybergh, Senior Vice President, Legal Affairs
Tel. +358 2071 54811
NASDAQ OMX Helsinki
Together with our customers we create conditions that make living, working and travelling functional, safe and healthy. We operate in northern Europe and employ about 7,800 experts. In 2013, our net sales were about EUR 2.2 billion. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com