22
November
2006
|
00:00
Europe/Amsterdam

Litigation by former employees of Biegelaar and indemnity of TMG

On 15 November 2006 the Amsterdam district court issued an interlocutory judgment in the action that was filed by ex-employees of Biegelaar Groep B.V., a former subsidiary of Telegraaf Media Groep N.V.

Under the interlocutory judgment, Telegraaf Media Groep N.V. (TMG) is ordered to make a supplementary payment to the former employees based on a commitment that was made at the time of the sale of Biegelaar Groep. No information can be given about the amount involved since this still needs to be calculated. 

TMG disputes the interlocutory judgment and will lodge an appeal against the decision at the very first opportunity.  

TMG will invoke the indemnity that was granted at the time by the parties that bought Biegelaar Groep, also if and in so far as an appellate court decides in favour of the ex-employees.