U.S. v. Public Warehousing Co. “Agility”
The case was postponed from Jan. 29 to Feb. 8 to negotiate over the settlement. so its scheduled for today in Atalanta timezone
I’ll add any updates we get.
DUBAI (Zawya Dow Jones)–Kuwait’s logistics firm Agility (AGLTY.KW) said Monday a U.S. court entered a not guilty plea on its behalf as the company continues talks to settlement a case over allegations it overcharged on about $8.5 billion worth of contracts.
“The court agreed to assign the case for purposes of setting a briefing schedule and entered a plea of ‘not guilty’ on the company’s behalf to allow the case to move forward,” Agility said in an emailed statement after the court session.
“The request for a briefing schedule is intended to preserve PWC’s rights while the company and the Department of Justice conduct discussions aimed at a resolution of the case.”