Zaandam, the Netherlands, 2015-1-12 — /EPR Retail News/ — Ahold today announced that the appeal period regarding the court approval of the settlement of the class action in the United States, which it has referred to in its annual reports as the “Waterbury litigation”, has expired and the settlement is now final. Ahold previously announced on May 21, 2014 that it had reached the settlement which was subject to the approval of the United States District Court for the District of Connecticut.
The settlement was approved by the United States District Court for the District of Connecticut in December 2014 and the settlement amount of $297 million has been paid from Ahold’s existing provision. Accordingly, the Waterbury settlement has now become final, and the potential liability for Ahold in this class action has been resolved.
This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold’s ability to control or estimate precisely, such as discussed in Ahold’s public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Koninklijke Ahold N.V. does not assume any obligation to update any public information or forward-looking statements in this release to reflect subsequent events or circumstances, except as may be required by law. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of “Royal Ahold” or simply “Ahold”.