Constantin Medien AG: Constantin Medien AG files claims due to, inter alia, unjust enrichment and for damages against KF 15 GmbH controlled by Dr Dieter Hahn; Kuhn Rechtsanwälte; and Franz Enderle

PRESS RELEASE

Constantin Medien AG files claims due to, inter alia, unjust enrichment and for damages against KF 15 GmbH controlled by Dr Dieter Hahn; Kuhn Rechtsanwälte; and Franz Enderle

- Preliminary value of payment claims totals at least EUR 3.71 million

- Company also seeking submission of invoices amounting to EUR 3.45 million

Ismaning, April 27, 2018 - Constantin Medien AG has today filed four further lawsuits with Munich Regional Court I in order to enforce its claims against the company KF 15 GmbH controlled by Dr Dieter Hahn; Kuhn Rechtsanwälte, the law office of the former Supervisory Board Member Dr Bernd Kuhn; and chairman of the Annual General Meetings (AGMs) of July 6, 2016 and November 9/10, 2016, Franz Enderle.

The subject of the suits against KF 15 GmbH is, on the one hand, the company's repayment claims of approx. EUR 2.05 million due to unjust enrichment because of incorrect accounting with regards to the profit sharing agreement of the Formula 1 prosecuting group. On the other hand, Constantin Medien AG is also filing a further suit for accounting against KF 15 GmbH, as the latter has so far failed, despite corresponding requests, to provide proof of approx. EUR 3.45 million worth of costs for the prosecution in the Formula 1 lawsuit, that were alleged in its favor and reported in the settlement by KF 15 GmbH.

In the case of Kuhn Rechtsanwälte, the claim is an action for payment due to unjust enrichment in the amount of approx. EUR 657,000 based on wrongfully charged legal fees.

The suit against Franz Enderle is with regard to breach of duties by Franz Enderle in his role as chairman of the two AGMs in 2016. The damages are also subject of a damage suit filed in March 2018 by the special representative, appointed by the AGM of August 23, 2017, against the former Chairman of the Supervisory Board, Dr Dieter Hahn, and the companies KF 15 GmbH and DHV GmbH controlled by him, involving a preliminary sum of at least EUR 1.0 million. The company had already informed about that damage suit in March 2018.

Contact PR:
Constantin Medien AG, Michael Röhrig, Tel.: +49 (0) 89 - 99 500 461,
Fax: +49 (0) 89 - 99 500 466, E-mail: michael.roehrig@constantin-medien.de
 
 
Contact IR:
Constantin Medien AG, Stéphane Winzenried, Tel.: +49 (0)89 - 99 500 803,
Fax: +49 (0)89 - 99 500 371, E-mail: ir@constantin-medien.de
 
Constantin Medien AG, Münchener Straße 101g, 85737 Ismaning, Tel.: +49
(0)89 - 99 500 0, Fax: +49 (0)89 - 99 500 111