Ardagh Group S.A. has noted the US jury verdict received on April 21, 2017 in connection with one of two asserted patents alleged by Green Mountain LLC to have been infringed by Ardagh’s US glass business (formerly called Verallia North America ‘VNA’).
Ardagh disagrees with the decision of the jury both as to liability and quantum of damages and strongly believes that the Green Mountain case is without merit.
Ardagh will pursue all options available to them including appeal. The case was filed by Green Mountain before Ardagh acquired VNA and customary indemnifications are in place between Ardagh and the seller of VNA.
In March of this year Ardagh, which has long targeted stock market flotation gathered a total of $319m from its initial public offering after bankers maximised the deal size on the back of strong demand.
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