Rural services company AWB Ltd
(ASX:AWB) says that the U.S. Court of Appeals has dismissed an appeal against a U.S. class action ruling in AWB’s favour, brought by persons who are said to represent a class action of residents of the three northern governorates of Iraq.
In a statement today AWB says it has been advised that the U.S. Court of Appeals has dismissed the appeal by Karim and others.
The plaintiffs had appealed the original verdict of the U.S. District Court for the Southern District of New York which found in favour of AWB, AWB USA, BNP Paribas and Commodity Specialists Company.
AWB posted net profit of $64.28 million in 2008.
