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Name | Symbol | Market | Type |
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Hsbc Bk.22 | LSE:49IA | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS No 9513k PACIFIC DUNLOP LIMITED 16th June 1998 PROPOSED SETTLEMENT IN AUSTRALIAN CLASS ACTION Pacific Dunlop Limited today announced that agreement in prinipal had been reached by the Group's insurers to settle certain current and future litigation in Australia arising out of the Accufix Atrial "J" pacemaker leads formerly manufactured by Accufix Research Institute (ARI) (then called Telectronics). The settlement is subject to the approval of the Federal Court in Sydney - a hearing for this purpose has been scheduled for 7th August, 1998. The Court today ordered that all Australian patients with Accufix pacemaker leads be notified on or before 30th June, 1998, by notice and press advertisement of the terms of the proposed settlement and the date of the August hearing. The proposed settlement calls for the payment of $15,000 to those patients whose Accufix pacemaker leads have been or will be explanted. Explanted patients who believe they are entitled to further compensation will be entitled to have their claims assessed by a panel of two barristers. The proposed settlement does not resolve the separate claims for compensation for patients with working leads (the "monitoring class"). The defendants continue to meet the unreimbursed medical expenses of the monitoring class, but have been advised that this class intends to press litigation seeking monetary compensation. This suit will be vigorously defended. For further information: John Hine General Manager Corporate Affairs 61 3 9270 7140 61 0412 254952 Martin Hudson Chief General Counsel 61 3 9270 7102 END MSCAVONKWRKNAAR
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