PCH settles claim against Finn International

The PCH Group (PCH) has decided to settle a claim against its former subsidiary, Finn International.
PCH settles claim against Finn International PCH settles claim against Finn International PCH settles claim against Finn International PCH settles claim against Finn International PCH settles claim against Finn International

It is understood that the claim against Finn was in the vicinity of $1.2 million although initially Finn's legal advice was that the claim should be vigorously defended and a counterclaim in the vicinity of $700,000 lodged.

The amount of PCH's financial contribution in settlement of the matter was fully provided for in the accounts at 31 December 2002. Finn International is no longer a subsidiary of the PCH Group.

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