(CercleFinance.com) – GECI International announces that the Paris Court of Appeal ruled on January 20 on the dispute between the company and 13 shareholders, in connection with the disputed review of some of its press releases relating to its aviation division which was liquidated in 2013 due to lack of funding for the Skylander aeronautical program.
“The Court of Appeal confirmed the first instance judgment of March 2, 2020 ordering the Company and its manager to pay compensation to the plaintiffs as well as costs”, reports GECI International.
The company specifies that it had already paid the compensation of 0.55 million euros after the first instance judgment and that the decision of the Court of Appeal will therefore not affect the Company’s cash flow and does not compromise the lawsuit. of its activities.