Media - Sonova News Room

Sonova Holding AG: Update on total amount of summons to pay

Staefa (Switzerland), 02.04.2012 – On March 15, 2012 Sonova Holding AG informed that it expected to be served with summons to pay in the amount of approximately CHF 15 million by various investors represented by Deminor SCRL / CVBA. In the meantime Sonova has been served with summons to pay totaling approximately CHF 26 million, which exceeds the amount initially indicated to the company. Sonova formally objected to all summons to pay. The summons to pay were filed as a precautionary measure to prevent the alleged claims from becoming time-barred. Sonova does not expect further summons to pay.

– End –