December 24, 2009 / 9:08 AM / 10 years ago

CORRECTED: Agility says U.S. court case postponed, no new date

(Corrects share price in last paragraph from 6.3 dinars to 0.63 dinars)

DUBAI (Reuters) - Kuwait’s Agility, accused of overcharging the U.S. Army by $60 million, said its court case in the U.S. is being rescheduled and a date and time will be announced soon, a U.S-based spokesman for the logistics firm said.

“This is being rescheduled and we anticipate the court will advise on date and time soon,” the spokesman said in an emailed statement to Reuters.

Agility is accused of overcharging the U.S. Army over a 41-month period, on $8.5 billion worth of contracts to provide food to soldiers in Iraq, Kuwait and Jordan.

It was indicted in November under its previous name, Public Warehousing Company, K.S.C. (PWC) by a U.S. grand jury in Atlanta.

Agility later said it had been suspended, but not debarred, from new U.S. government contracts pending the outcome of the indictment.

On Monday Agility said that U.S. defense contractor DynCorp International had dropped its U.S. unit as a subcontractor, breaching contractual terms.

The firm’s shares were down 1.6 percent at 0.63 Kuwaiti dinars at 3:37 a.m. EST.

Reporting by Enjy Kiwan; Editing by Jason Benham

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below