Raisio won the US legal case

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Raisio plc, Stock Exchange Release, 9 November 2016

RAISIO WON THE US LEGAL CASE

On 8 November 2016, the District Court, Central District of California, accepted Raisio’s application to dismiss the civil action, without considering the merits, brought by Oat Solutions LLC. Oat Solutions claimed for damages of at least USD 25 million from Raisio through legal proceedings. Raisio has from the beginning considered Oat Solutions’ claims to be completely unfounded.

Prior to the civil action brought by Oat Solutions in the US, Raisio won in November 2014 a case against Oat Solutions in an arbitration proceeding heId in Finland. Furthermore, in November 2015 the District Court of Southwest Finland dismissed Oat Solution’s action for annulment related to the said arbitral proceedings. Raisio has won the actions brought against it by Oat Solutions in all three proceedings.

RAISIO PLC

Matti Rihko
CEO
tel.
+358 400 830 727

 

Raisio plc

Raisio plc is an international specialist in plant-based nutrition. Raisio’s operations are divided into two divisions: Brands and Raisioagro. The Group’s key market areas are Finland, Great Britain, the Czech Republic, Russia and Poland. Markets for cholesterol lowering Benecol products are global. Raisio plc’s shares are listed on Nasdaq Helsinki Ltd. In 2015, the Group's net sales totalled EUR 521 million and EBIT was EUR 51.7 million excluding one-off items. The Group employs some 1,400 people. Raisio’s best-known brands are Benecol, Benemilk, Elovena, Fox’s and Poppets. Benemilk feeds for milk production and Benecol for cholesterol lowering are Raisio’s top innovations. For more information on Raisio go to www.raisio.com/en

 

 

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Nasdaq
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