Pfleiderer AG has withdrawn the petition with the Higher Regional Court in Nuremberg to gain the approval of the Court to have the resolutions from last July's shareholders' meeting registered and become effective, despite pending litigation. The company plans to submit a new petition at a later stage.
Pfleiderer said it acknowledges the view of the Higher Regional Court in Nuremberg, which had previously pointed out that it only makes sense to proceed with a decision related to the shareholders' resolutions after the resolutions taken at the creditors' meeting have been cleared by the Higher Regional Court in Frankfurt.
Consequently, the court ruling scheduled for Jan. 25 has been cancelled.
Pfleiderer withdraws petition
January 24, 2012