BUCHAREST, Romania, 11-Jan-2021 — /EPR LAW NEWS/ — In connection with the claim brought by certain US citizens against the Company, RCS & RDS S.A., RCS Management S.A., DIGI Távközlési és Szolgáltató Kft, and its subsidiary, i-TV Digitális Távközlési Zrt. (the “Defendants”) in the United States District Court for the Eastern District of Virginia – Alexandria Division, which we have previously disclosed in our periodic reports, the Company would like to inform its investors and the market that, on 24 November 2020, the United States Court of Appeals for the Fourth Circuit issued an order granting the motion of the Plaintiffs Appellants to voluntarily dismiss the case with regards to i-TV Digitális Távközlési Zrt (the last remaining Defendant in this case).
All claims by all Plaintiffs in the matter have now been rejected and dismissed by the district court, and all potential appeal claims as to those dismissals have been rejected or dismissed at the appellate court. Plaintiffs are time-barred from any attempt to resurrect the claims, the statute of limitations on each claim for each Plaintiff having expired. The case file has been closed at the district court, and the judgment in favor of Defendants is a final judgment.
The Company welcomes this much awaited final solution regarding the US litigation.