Claims for damages based on Amer Sports' earlier tobacco business have been dismissed

The District Court of Helsinki has today decided to dismiss all claims for damages based on Amer Sports Corporation's already discontinued tobacco business.
Author:
Updated:
Original:

The District Court of Helsinki has today decided to dismiss all claims for damages based on Amer Sports Corporation's already discontinued tobacco business. The District Court of Helsinki ordered the plaintiff's to compensate all the legal costs Amer Sports Corporation had demanded.
 
The decision made by the District Court concerned the actions for damages taken by three private persons in spring 2005, where they demanded that Amer Sports Corporation, its subsidiary Amerintie 1 Oy (formerly Amer Tobacco Ltd) and another tobacco manufacturer jointly pay them compensation and their legal costs.
 
Amer Sports withdrew from the tobacco business in March 2004.
 
For further information, please contact:
Mr Pekka Paalanne, Executive Vice President, Amer Sports Corporation, tel. +358 9 7257 8212
 
 
AMER SPORTS CORPORATION
Communications
 

Related

Helsinki Court of Appeal dismisses all claims for damages in connection with Amer Sports' previous tobacco business

Judgements passed today by Helsinki Court of Appeal dismiss all claims for damages in connection with the discontinued tobacco business of Amer Sports Corporation. The Court of Appeal also ordered the claimants to reimburse Amer Sports Corporation for all legal costs, as claimed ...read more

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

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who brought claims for damages against Amer Sports in 2005 in connection with its discontinued tobacco business have withdrawn their petition to appeal in court, including the Supreme Court, the ...read more

Ajanta and Novator form strategic partnership in Amer Sports

Ajanta Oy and Novator announce today a strategic partnership focusing on investing and developing Amer Sports Corporation. Ajanta N.V., a limited liability company registered in Belgium, sells 50% of its existing forward contracts to Novator. As a result of this transaction, the ...read more

Amer Sports' Max Alfthan moves to Fiskars

Mr. Max Alfthan, Amer Sports Corporation's Senior Vice President of Communications and an Executive Board member, has accepted the position of Chief Strategy Officer (CSO) at Fiskars Corporation. Alfthan has been responsible for Amer Sports corporate communications since ...read more

Amer Sports acquiring Nikita

In line with Amer Sports strategic priority to grow faster in softgoods, Amer Sports is acquiring Nikita (www.nikitaclothing.com), a snowboarding inspired Action Sports apparel brand which focuses on female consumers. Annual net sales of Nikita is approximately EUR 8 million. ...read more

Amer Sports acquires the assets of its Bulgarian ski supplier

In order to ensure its cost leadership in ski manufacturing, Amer Sports has acquired all the ski manufacturing assets of its long-term Bulgarian subcontractor, Pamporovo Ski, and as a result has assumed full control of its operations. The price paid for all the acquired assets ...read more

Primus EtaSolo patent infringement lawsuit by Jetboil dismissed

RIVERTON, WYO. (May 5, 2011) – On March 31, 2011, the United States District Court for the District of Delaware entered an Order dismissing-with prejudice-the action captioned Jetboil, Inc. v. Fenix Outdoor AB et al… This lawsuit was brought by Jetboil to achieve the ...read more

Outdoor financials: BD, Gregory parent posts Q3 results, plus Thule acquires TracRac, Columbia Sportswear, Amer Sports

BD, Gregory parent posts Q3 results With the acquisition of Black Diamond Equipment and Gregory Mountain Products completed in late May, Clarus Corp. (Nasdaq: BDE) reported a 9.7-percent increase in third-quarter consolidated sales. For the quarter ended Sept. 30, consolidated ...read more

Amer tells SNEWS leaving tobacco is key for fitness

Despite being founded as a tobacco company more than five decades ago in Finland, Amer Group has decided its goal to become No. 1 worldwide in sporting goods has made its exit from tobacco vital to its continued growth and image -- a decision partly kicked into high speed by its ...read more