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Company Statement: Kone - Competition law related damage claims served in Germany

( January 18, 2011, 16:36 GMT | Official Statement) -- MLex Summary: Kone has announced that companies have filed civil damage claims against its subsidiary on grounds of anticompetitive practices in the provision of elevator and escalator services on the German market. It maintains that the claims are unfounded and has lodged an appeal concerning the decision of the General Court. Certain companies and public entities have filed civil damage claims against KONE’s German subsidiary KONE GmbH and certain other elevator and escalator companies operating in Germany. The claims relate to activities on the German market and are a result of the decision by the European Commission in 2007 on the respective companies concerning alleged anticompetitive practices in the local markets before early 2004....

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