This award arose from an adverse jury decision in the District Court of Delaware in 2017, affirmed on Appeal in 2019, against Ardagh’s North American glass business
Today’s award, which is final, represents full recovery for Ardagh. (Credit: Ardagh Group)
Ardagh Group (“Ardagh”) welcomes the award to it today of $84 million, including interest and costs, by the ICC International Court of Arbitration.
This award arose from an adverse jury decision in the District Court of Delaware in 2017, affirmed on Appeal in 2019, against Ardagh’s North American glass business (formerly called Verallia North America (“VNA”).
Ardagh was indemnified by Compagnie de Saint-Gobain, the seller of VNA, and initiated arbitration proceedings to recover losses arising from the US legal proceedings. Today’s award, which is final, represents full recovery for Ardagh.
Source: Company Press Release