US Class action from 2010 settled
- Settlement of claim approved by US court
- Kaba’s provision covers the costs
The class action filed in the USA at the end of 2010 has now been settled. The settlement proposed by representatives of the plaintiffs and Kaba Group has been approved by the Federal court in Ohio.
The lawsuit claimed that there were defects in specific models of Simplex mechanical pushbutton locks, which were manufactured by a US subsidiary of Kaba Group and misleading advertising. Kaba has consistently denied the allegations. The settlement provides non-cash benefits which, including legal costs, are covered by a provision made in FY 2010/2011.
Siegfried Schwirzer
Head of Investor Relations
Martin Bahnmueller
DVP Group Communications / Press Officer Group