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BRIEF-Redflex Holdings updates on legal proceedings

Published 15/12/2015, 04:49 pm
© Reuters.  BRIEF-Redflex Holdings updates on legal proceedings
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Dec 15 (Reuters) - Redflex Holdings Ltd RDF.AX :

* Update - legal action by city of Chicago RDF.AX

* Notified that the city of Chicago (city) has filed an amended civil complaint

* Says the amended complaint adds the company as a defendant, along with Redflex Traffic Systems, Inc.

* City also alleges claims for civil damages against the company and RTSI for alleged violations

* Violations of the city's false claims and false statement ordinances and consumer fraud laws, breach of contract

* City claims civil damages against co being treble amount the city alleges it paid to RTSI under the now terminated contract with the city

* Civil penalties are sought in addition to the alleged damages

* Karen Finley, a former RTSI CEO, is scheduled to be sentenced on February 18, 2016

* Source text for Eikon ID:nASXsv9sv

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