Scor, Barclays End Dispute Over Failed Takeover From Covea
June 14 2021 - 4:06AM
Dow Jones News
By Olivia Bugault
Scor SE and London-based lender Barclays PLC have put an end to
their legal dispute related to the failed takeover attempt of the
French insurer by rival Covea, Scor said Monday.
"In consideration of certain commitments by Barclays and Scor,
the parties have settled the dispute before the High Court in
London on mutually acceptable terms," the company said.
Scor didn't disclose the terms of the deal.
The company sued Barclays in 2019 over "breach of confidence and
trade secrets" as it claimed at the time that the bank--which was
advising Covea in its attempt to take over Scor--had obtained
sensitive and confidential documents about the company.
The settlement comes after Scor also signed an agreement with
Covea last week to end months of acrimony and legal action that
followed Covea's takeover plan that was abandoned in early
2019.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
June 14, 2021 04:00 ET (08:00 GMT)
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