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Natuzzi SpA (NTZ.N)

NTZ.N on New York Stock Exchange

2.66USD
23 May 2017
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Latest Key Developments (Source: Significant Developments)

Natuzzi announces unfavorable court ruling and possible need for special charge
Thursday, 18 May 2017 09:36am EDT 

May 18 (Reuters) - Natuzzi Spa :Natuzzi announces unfavorable court ruling and possible need for special charge.Natuzzi SPA says italian supreme court recently rejected co's appeal of a lawsuit brought by two former employees and ruled in favor of plaintiffs.Natuzzi SPA says has been and will continue to evaluate impact of court decision on company's business organization and financial statements.Natuzzi SPA - existing reserve for "provision for tax & legal proceedings" included in "other liabilities" caption will be materially increased in Q1 2017.  Full Article

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