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Pandora ‘Acquitted’ in Court Case over Company Announcements

Feb 25, 2016 3:11 AM   By Rapaport News
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RAPAPORT... Pandora said it had been acquitted on all accounts by the Eastern High Court in Copenhagen in a case relating to the Denmark-based jeweler’s downward adjustment of revenue growth expectations in August 2011.

The district court in Glostrup, Denmark, found the company should have announced its adjustment by July 18, 2011. Pandora appealed, it said in a statement February 23.

The verdict will have no impact on Pandora's outlook for 2016, as latest communicated to the market February 9, the statement added.
Tags: Denmark, financial, legal, Pandora, Rapaport News, retail
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