Tokyo, Aug 17, 2007 (Jiji Press) – LAWFUEL – The Legal Newswire – Tokyo Kikai Seisakusho Ltd. said Friday it will receive 19 million dollars to settle its dispute with a U.S. law firm over alleged legal malpractice.
The Japanese newspaper rotary press maker declined to name the law firm or give details of the malpractice, citing a nondisclosure agreement.
Tokyo Kikai revised up its group net profit estimate to 2.2 billion yen from 1.1 billion yen for the year to March 2008.
Tokyo Kikai had been seeking damages payments from the law firm blaming it for the loss of a U.S. antidumping suit that led the Japanese company to pay 4,480 million yen in damages to U.S. printing maker Goss International Corp.
