Staefa (Switzerland), March 15, 2012 - Sonova
Holding AG has been notified that it will be served over
the next days with summons to pay ("Zahlungsbefehle") in
the amount of approximately CHF 15,000,000 by various
investors represented by Deminor SCRL / CVBA, a Belgian
company active in the field of shareholder damage recovery.
According to Deminor, summons to pay will also be served on
Andy Rihs, member of the Board of Directors of Sonova.
Deminor announced at Sonova's annual general meeting in
June 2011 that it represents investors who consider taking
legal action against Sonova to obtain compensation for
purported damages suffered as a result of Sonova's
allegedly late profit warning of March 16th, 2011. The
summons to pay are filed as a precautionary measure to
prevent alleged claims from these investors from becoming
time-barred. Sonova will formally object to the summons to
pay. As of now, no lawsuits have been filed against Sonova
and, if so, Sonova will vigorously oppose any potential
lawsuit.th, 2011 is currently being investigated by SIX
Swiss Exchange AG.
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