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United States

VSE Corp says U.S. District Judge awarded damages of about $3.5 mln agains Co in civil lawsuit


Thursday, 26 Jan 2017 01:27pm EST 

VSE Corp : A United States District Judge for Eastern District of Virginia awarded damages of about $3.5 million against VSE Corporation in civil lawsuit . Court's order reduces previously reported jury award of about $4.8 million rendered on June 30, 2016-SEC filing . Co is evaluating legal options in respect of Court's decision regarding Heritage lawsuit, including filing of motion for new trial or of an appeal .Expects FY income statement will include reserve that will be greater than $1.2 million recorded on 10-Q for qtrs ended June 30,Sept 30. 

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