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Company Statement: The Gores Group - Scovill's decision to drop cartel fine appeal

( November 1, 2011, 10:59 GMT | Official Statement) -- MLex Summary: The Gores Group has said that the Scovill'sdecision to drop an antitrust appeal against an EU cartel fine was taken by "Clarkesville Liquidation Co.’s (formerly Scovill’s) US bankruptcy trustee and their counsel". Assets bought by The Gores Group are not related to the competition case. The competition case has no ongoing relation to the assets that were acquired by The Gores Group, which did not include the European business and entities that were part of this litigation. The decision to drop the appeal was made by Clarkesville Liquidation Co.’s (formerly Scovill’s) US bankruptcy trustee and their counsel, not by the entity currently operating Scovill....

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