Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
October 23, 2003 12:00 AM

US arbitrators award Kingspan over $40 million

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    By Patrick Raleigh, UT On-line news editorKingscourt, Ireland- Kingspan Group plc. has been awarded $40 113 735 plus interest of $5355 per day from 19 Sept in a case taken against Tate Global Corp. in the US. The case related to the Irish group's $120-million acquisition of raised flooring firm Tate in January 2001. A panel of arbitrators of the American Arbitration Assocation in Washington found Tate liable "for breach of contract, common law fraud and federal and Pennsylvania securities law violations," Kingspan said 10 Oct. "We are delighted that the binding arbitration case has been resolved in favour of Kingspan, and feel that the result vindicates the decision to proceed with the case," said Eugene Murtagh, Kingspan chairman and ceo in a company statement. "Our lawyers will move to immediately enforce the judgement," he added. "

    Recommended for You
    Vita signs bed industry climate pledge
    Vita signs bed industry climate pledge
    huntsman castech 800
    Huntsman dosing system adds recycled filler to cast urethane
    UK competition authority raises concerns about Recticel–Carpenter deal
    UK competition authority raises concerns about Recticel–Carpenter deal
    Latest Issue
    April/May 2022 issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe