Tanfield Group Settles UK Legal Claim Relating to Snorkel JV for $4.5 Mln - MarketWatch

2 years ago 69

By Kyle Morris

Tanfield Group PLC said Friday that it has agreed to settee its assertion against Foulston Siefkin successful the U.K. relating to its Snorkel International Holdings LLC associated task connected a no-fault ground for $4.5 million.

The concern company--which is simply a 49% shareholder successful Snorkel International Holdings LLC pursuing its associated task with Xtreme--added that its assertion against Ward Hadaway continues, with a three-week proceedings scheduled to statesman connected Nov. 7.

U.S. proceedings are besides continuing, with the proceedings expected to instrumentality spot astir the summertime of 2023, it said.

Foulston Siefkin was Tanfield's U.S.-based instrumentality steadfast astatine the clip of the joint-venture transaction.

Write to Kyle Morris astatine kyle.morris@dowjones.com

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