Bloomberg News

Actelion Says Court Backs Actelion Request for Asahi Reduction

October 24, 2011

Oct. 24 (Bloomberg) -- Actelion Ltd. said that a court has granted Actelion’s motion for a new trial on compensatory damages unless Asahi Kasei consents to a reduction of the jury award by a further 99.2 million dollars.

If Asahi accepts the proposal - and when combined with the court’s July 2011 reduction of $70.35 million - the court’s final award would be $407.3 million including punitive damages of $30 million against certain individual officers of the company.

Actelion is confident that there are significant grounds for a successful appeal, it said.

To contact the editor responsible for this story: Matthias Wabl at mwabl@bloomberg.net


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