Agility Public Warehousing KSC : Company K.S.C.P ("Agility") received notice of a claim.
July 24, 2017 at 04:59 am EDT
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Dear Investor,
Agility Public Warehousing Company K.S.C.P. ('Agility') received notice of a claim filed against it in the United States District Court for the Central District of California. The claim was filed under seal by a former employee, John Lee Miller, under the U.S. False Claims Act.
In his claim, Miller alleges that Agility violated the False Claim Act (FCA) employing a faulty accounting methodology to calculate indirect costs thus overcharging the U.S. Government under three historic government contracts for an aggregate amount of approximately KD 19 million. Relator's counsel has informed Agility that Relator intends to drop from his complaint the KD 12 million overcharge allegation, thereby reducing his claims to approximately KD 7.5 million. The claims are unrelated to the Prime Vendor contract litigation, which was settled in its entirety in May 2017.
Agility believes that the service of process is invalid and that Miller's claims are entirely frivolous. Furthermore, the United States Government has declined to intervene in Miller's complaint.
Sincerely,
Investor Relations Department
Agility Public Warehousing Company
Agility - The Public Warehousing Company KSC published this content on 24 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 July 2017 08:59:02 UTC.
Original documenthttp://www.agility.com/EN/news/Pages/Agility-Public-Warehousing-Company-K.S.C.P-received-notice-of-a-claim.aspx
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Agility Public Warehousing Company K.S.C.P.(Agility), is a Kuwait-based supply chain services provider. The Company is organized into two business segments: Logistics and Related Services segment, which provides freight forwarding, transportation, contract logistics, project logistics, and fairs and events logistics, and The Infrastructure segment, which provides real-estate services, airplane ground handling and cleaning services, cargo and lounge management, customs operations and management, customs consulting, fuel logistics and waste recycling. The Companyâs subsidiaries include Defense and Government Services, GCC Services, Global Clearing Systems, Inspection & Control Services, Kuwait International Laboratory (LABCO), Metal Recycling Company, National Aviation Services, Tristar, and Shipa, among others.