Brief: Halkbank Says The Hughes Civil Case Will Be Kept On Hold Until The Criminal Case Against Halkbank Is Ultimately Resolved

Turkiye Halk Bankasi

02/05/2024 16:42

May 2 (Reuters) - TURKIYE HALK BANKASI AS  HALKB.IS :
    * HALKBANK SAYS IN THE SECOND CIVIL LAWSUIT BROUGHT AGAINST
HALKBANK ON JULY 26, 2023 FOR JUDGEMENT CLAIMS, THE U.S.
DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK ORDERED ON
MAY 1, 2024 TO STAY ALL PROCEEDINGS IN SAID CIVIL CASE UNTIL
HALKBANK'S CRIMINAL CASE IS CONCLUDED
    * HALKBANK SAYS THE SECOND CIVIL CASE (THE HUGHES CASE)
SHALL BE
KEPT ON HOLD UNTIL THE CRIMINAL CASE AGAINST HALKBANK IS
ULTIMATELY RESOLVED
    * HALKBANK SAYS HALKBANK'S APPEAL PROCESS FOR DISMISSAL ON
SOVEREIGN IMMUNITY GROUNDS IN THE CRIMINAL CASE IS CURRENTLY
ONGOING

Source text for Eikon: Source
Further company coverage:  HALKB.IS 
    

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