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Agility Will Delay 2009 Results Until April 11 on U.S. Dispute

Released in:2017/4/1 9:27:02       

April 6 (Bloomberg) -- Agility, the biggest storage and logistics company in the Middle East, will delay announcing its 2009 financial results until April 11 as it waits for a settlement to a contract dispute with the U.S. military.

The results will be delayed “pending a determination by the company about whether or not it can resolve a legal dispute with the U.S. government,” the company said in an e-mailed statement today. Agility’s shares will continue to be suspended from trading during this time, it said.

Agility, formerly known as Public Warehousing Co., was indicted in November for allegedly overcharging the U.S. government on a multi-billion dollar contract to supply food for troops in Kuwait and Iraq. The company said in November it was negotiating with the U.S. Justice Department on a settlement of the charges.

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