Fitness financials: Appeal related to Amer Sports' discontinued tobacco business dropped

Two people who brought claims for damages against Amer Sports in 2005 in connection with its discontinued tobacco business have withdrawn their petition to appeal in court, including the Supreme Court, the company reported.
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Appeal related to Amer Sports' discontinued tobacco business dropped

Two people who brought claims for damages against Amer Sports in 2005 in connection with its discontinued tobacco business have withdrawn their petition to appeal in court, including the Supreme Court, the company reported. Amer Sports is the parent of Precor.

The judgment passed by the Helsinki Court of Appeal on May 31, 2010, is the final ruling on the matter, it said. The court also dismissed all claims for damages against Amer Sports, it added.



In 2008, the Helsinki District Court has dismissed all the claims made by the plantiffs, which included claims for damages and legal costs from Amer Sports, its subsidiary Amerintie 1 Oy (previously Amer-Tupakka Oy) and another tobacco manufacturer. The Court of Appeal did not amend any of those judgments, according to Amer Sports.

Amer Sports fully divested the tobacco business in March 2004. (Click here -- and here -- to read past SNEWS coverage on the issue.)



--Compiled by Wendy Geister

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