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EANS-News: Balda AG settles lawsuit filed because of negligent advice

Bad Oeynhausen (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Justice/Processes
Balda AG settles lawsuit filed because
of negligent advice
Bad Oeynhausen, 23 June 2010 - Balda AG, listed in the SDax segment 
of the Frankfurt Stock Exchange, settled the lawsuit filed because of
negligent advice against a former consultant with an out-of-court 
settlement. "We are very satisfied with this solution. It is 
preferable to the continuation of the lawsuit in court and appeal 
proceedings", Balda CFO Rainer Mohr explained. The Cologne District 
Court had given justice Balda on its merits in the first instance. 
The defendant had filed an appeal.
* * *
Company Profile Balda AG The Balda Group develops and produces 
complete plastic assemblies, electronic products and products for the
medical industry. The customers of Balda are leaders in business from
the mobile, entertainment and electronic communications as well as 
pharmaceutical and medical technology markets.
The group has an international position with product sites in China, 
Malaysia and Germany. A subsidiary in the United States serves North 
American customers in product design and development. As part of a 
shareholding in a leading manufacturer of touch screens in China, 
Balda participates in the dynamic touch screen displays market.
* * *
This corporate news announcement includes "forward-looking 
statements" which are based on the current expectations of the 
management of Balda. They are subject to risks and uncertainty 
because they relate to events and depend on circumstances that will 
occur in the future, such as, for example, developments in the mobile
communications industry, changes in technology and the ability to 
timely and successfully develop new products and various other 
factors. Balda does not undertake any obligation to update publicly 
or revise forward-looking statements except to the extent legally 
required.
This corporate news announcement is not an offer of securities for 
sale or a solicitation of an offer to purchase securities in the 
United States or elsewhere. The shares in Balda AG (the "Shares") may
not be offered or sold in the United States or to or for the account 
or benefit of U.S. persons (as such term is defined in Regulation S 
under the U.S. Securities Act of 1933, as amended (the "Securities 
Act") unless registered under the Securities Act or pursuant to an 
exemption from such registration. The Shares have not been and will 
not be registered under the Securities Act.
end of announcement                               euro adhoc

Further inquiry note:

Clas Röhl
Tel.: +49 (0) 5734 922-2728
croehl@balda.de

Branche: Semiconductors & active components
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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