Litigation Relating to the Australian Cinema Business
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2017.
No other company in this theme has enough history to compare yet.
- FY2017MitigatedAnnual report
「On 21 March 2017, a judgment was handed down dismissing the plaintiff's claim. As the plaintiff did not initiate an appeal, the company's victory became final and the matter was resolved.」
The litigation relating to the Australian cinema business, in which a claim amount of ¥971 million and other details had been disclosed, was resolved after the claim was dismissed and no appeal was filed, with the company securing a final victory. - FY2017-Q3RestatedAnnual report
「Cosmos Australia Pty Ltd, a consolidated subsidiary of the company, and 2 of its directors have been sued by individual investors in the Tokyo District Court for damages on the grounds of alleged tortious acts and other misconduct in soliciting investment in and outsourcing the operation of a cinema business in Australia. The claim amounts to ¥971 million plus delinquent charges at an annual rate of 5%, the filing date was 27 October 2015, and the date the complaint was received was 25 November 2015. The case is currently pending.」
The damages claim relating to the Australian cinema business remains pending, and the claim amount, interest rate, filing date and other details continue to be disclosed. - FY2017-Q2RestatedAnnual report
「Cosmos Australia Pty Ltd, a consolidated subsidiary of the company, and 2 of its directors have been sued by individual investors in the Tokyo District Court for damages on the grounds of alleged tortious acts and other misconduct in soliciting investment in and outsourcing the operation of a cinema business in Australia. The claim amounts to ¥971 million plus delinquent charges at an annual rate of 5%, the filing date was 27 October 2015, and the date the complaint was received was 25 November 2015. The case is currently pending.」
The damages claim relating to the Australian cinema business remains pending, and the claim amount and other details continue to be disclosed. - FY2017-Q1RestatedAnnual report
「Cosmos Australia Pty Ltd, a consolidated subsidiary of the company, and 2 of its directors have been sued by individual investors in the Tokyo District Court for damages on the grounds of alleged tortious acts and other misconduct in soliciting investment in and outsourcing the operation of a cinema business in Australia. The claim amounts to ¥971 million plus delinquent charges at an annual rate of 5%, the filing date was 27 October 2015, and the date the complaint was received was 25 November 2015. The case is currently pending.」
The damages claim relating to the cinema business remains pending, and the company has stated that it considers the claim to be unfounded and intends to respond appropriately. - FY2016First statedAnnual report
「Cosmos Australia Pty Ltd, a consolidated subsidiary of the company, and 2 of its directors have been sued by individual investors in the Tokyo District Court for damages on the grounds of alleged tortious acts and other misconduct in soliciting investment in and outsourcing the operation of a cinema business in Australia. The claim amounts to ¥971 million plus delinquent charges at an annual rate of 5%, the filing date was 27 October 2015, and the date the complaint was received was 25 November 2015. The case is currently pending.」
A damages claim relating to the solicitation of investment in and outsourcing of the operation of the cinema business was filed, and the claim amount and filing date are stated.