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BRIEF-Natuzzi announces unfavorable court ruling and possible need for special charge
May 18, 2017 / 3:44 PM / 4 months ago

BRIEF-Natuzzi announces unfavorable court ruling and possible need for special charge

May 18 (Reuters) - Natuzzi Spa

* Natuzzi announces unfavorable court ruling and possible need for special charge

* Natuzzi SPA says italian supreme court recently rejected co’s appeal of a lawsuit brought by two former employees and ruled in favor of plaintiffs

* Natuzzi SPA says has been and will continue to evaluate impact of court decision on company’s business organization and financial statements

* Natuzzi SPA - existing reserve for “provision for tax & legal proceedings” included in “other liabilities” caption will be materially increased in Q1 2017 Source text for Eikon: Further company coverage:

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