DGAP-Ad-hoc: NorCom Information Technology GmbH & Co. KGaA / Key word(s): Legal Matter
Since 2010 NorCom Information Technology GmbH & Co. KGaA (ISIN: DE000A12UP37) has been a service provider of the DLZ-IT of the Federal Ministry of Transport, Building and Urban Development (BMVBS). Due to differences in the project managed by NorCom, the BMVBS stopped cooperation at the beginning of 2013 (see ad hoc release dated 20.09.2013) and sued NorCom for the payment of EUR 3.4 million. NorCom then filed a counterclaim and made a claim in the amount of EUR 1.4 million to the BMVBS.
NorCom has today received a ruling from the Munich district court on this case: The action brought by the BMVBS is dismissed and NorCom's counterclaim granted.
NorCom had formed a provision of EUR 1.8 million for a possible warranty obligation.
If the other party appeals, NorCom will make a new provision after considering the pleadings.
NorCom Information Technology GmbH & Co. KGaA
12-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||NorCom Information Technology GmbH & Co. KGaA|
|Phone:||+49 (0)89 93948-0|
|Fax:||+49 (0)89 93948-111|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||856105|
|End of Announcement||DGAP News Service|
856105 12-Aug-2019 CET/CEST