DGAP-News: CPI PROPERTY GROUP
/ Key word(s): Legal Matter
CPI Property Group
CPI Property Group - New York Defamation Lawsuit Dismissed
In the New York State Court Lawsuit, the Kingstown Plaintiffs alleged defamation based on press releases and other statements made by CPIPG in relation to a claim filed in April 2019 by the Kingstown Plaintiffs in the United States District Court for the Southern District of New York (the "SDNY Court Lawsuit"). On 6 April 2021, the New York State Court Lawsuit was dismissed in its entirety. "We are delighted with this decision by the New York State court," said Martin Matula, General Counsel of CPIPG. "CPIPG will always defend our reputation against baseless attacks." As previously communicated to our stakeholders, the SDNY Court Lawsuit was dismissed in September 2020 and the Kingstown plaintiffs appealed that decision to the United States Court of Appeals for the Second Circuit, with briefing scheduled to be completed during H1 2021. CPIPG is confident that the appeal lacks merit and that the SDNY Court's decision is on sound footing.
Joe Weaver
07.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | CPI PROPERTY GROUP |
| 40, rue de la Vallée | |
| L-2661 Luxembourg | |
| Luxemburg | |
| Phone: | +352 264 767 1 |
| Fax: | +352 264 767 67 |
| E-mail: | contact@cpipg.com |
| Internet: | www.cpipg.com |
| ISIN: | LU0251710041 |
| WKN: | A0JL4D |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart |
| EQS News ID: | 1181587 |
| End of News | DGAP News Service |
1181587 07.04.2021
