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CGV Conductor Global Equity Value ETF

13.2565
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Conductor Global Equity Value ETF AMEX:CGV AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 13.2565 0 01:00:00

PGS: Court Dismisses $70 Million CGG Veritas Claim Against Arrow

08/04/2009 11:40am

Dow Jones News


Conductor Global Equity ... (AMEX:CGV)
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   DOW JONES NEWSWIRES 

Petroleum Geo-Services ASA Wednesday said Asker and Baerum Tingrett court dismisses $70 million damages claim made against its subsidiary Arrow Seismic ASA.

   MAIN FACTS: 

-CGG Veritas claimed $70 million in damages on basis of the assertion that Arrow had taken on contractual obligations to charter the vessel NB 534 to CGG Veritas.

-Arrow denied the existence of any such contractual commitment.

-Court concludes that CGGV's claim for damages is unfounded. CGGV were ordered to compensate Arrow for its legal costs.

-Judgment may in principle be appealed to the Court of Appeal.

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090; djnews.stockholm@dowjones.com

 
 

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