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BRIEF-Redflex Holdings updates on legal action against subsidiary

Published 31/08/2015, 10:16 am
© Reuters.  BRIEF-Redflex Holdings updates on legal action against subsidiary
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Aug 31 (Reuters) - Redflex Holdings Ltd RDF.AX :

* Legal action by city of Chicago ex rel aaron rosenberg RDF.AX

* Says a qui tam legal action has been commenced against rtsi in the circuit court of cook county

* Legal action makes certain allegations against RTSI relating to alleged breaches of city ordinances and bribery of public officials in the city of Chicago

* City of Chicago has notified they intend to intervene in this matter and a status hearing will take place on October 6

* Says claim alleges that the revenues earned by rtsi under the now terminated contracts were USD$100 million

* Legal action claims an award of damages treble amount paid to rtsi by city of Chicago under now terminated contracts

* Source text for Eikon ID:nASX870YCR

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