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Wellco Holdings Corp Announces Settlement of Lawsuit; Expects Extraordinary Loss for FY 2013

Friday, 27 Sep 2013 02:00am EDT 

Wellco Holdings Corp announced that it has come to a settlement with Japan Post Co., Ltd, regarding the lawsuit, which Japan Post Co., Ltd filed against the Company with the Tokyo District Court. According to the settlement, the Company has agreed to pay JPY 500,000,000 to Japan Post Co., Ltd as settlement payment. The Company expects JPY 500,000,000 extraordinary loss on lawsuit for the fiscal year ending October 2013. 

Company Quote

-4.0 -2.08%
17 Apr 2015