Magna Polonia (MP) confirms that it has received a lawsuit of EMITEL sp. z o.o. for the payment of PLN 2.1 million on account of an alleged breach of the confidentiality obligation. This has not required the publication of a current report due to the fact that
the value of the dispute does not exceed 10 per cent of the Company’s equity [vide: Section 5(1)(8) of the Regulation of the Minister of Finance on current and periodic information provided by security issuers and conditions for recognizing as equivalent information required by laws of a non-member state].
In the opinion of MP, the lawsuit is utterly unfounded. In fact, as is appears from the evidence disclosed in the course of the case in the Regional Court in Warsaw, case file no. XVI GC 2042/13, brought against Emitel by the MP two years ago, Emitel is the one who had disclosed and wrongfully used information included MP’s business secrets. All those interested in forming an independent opinion on this dispute and its current course are encouraged by MP to visit the reading room of the Regional Court in Warsaw and the courtroom during hearings of the case.
MP categorically denies that the evidence collected in the case mentioned above confirms that the confidential information concerning Emitel has been disclosed at least twice by persons representing MP’s interests. There is not a single document in the case file (no. XVI GC 2042/13) confirming Emitel’s projections in this regard. In the opinion of MP, the distribution of this kind of information might constitute an attempt to exert pressure on witnesses or the Court.
The action brought by Emitel is a continuation of a litigation strategy pursued in the case pending against this company, which strategy consists in attempting to distract the Court’s attention from the magnitude of charges pressed against Emitel therein, due to which the action should be treated in the category of the so-called “frivolous suits”. Since it is not the purpose of Emitel’s action to obtain payment of any amount, but to achieve – at least in the area of media communication – a kind of „counterbalance” to the action brought by MP.
It should also be clarified that the merit of the case pending against Emitel, case file no. XVI GC 2042/13, is not merely a disclosure of MP’s business secrets by representatives of Emitel and Montagu. The issue of disclosure of MP’s business secrets is just one of the essential elements of the state of facts in this case, which concerns an anti-competitive tort committed with the use of a dominant position, as well as an independent violation of provisions of civil law, the Act on Combating Unfair Competition and European antitrust law.
Mirosław Janisiewicz – President of the Board
Tom Ruchan – Deputy CEO