TS News - AMSC Lawsuit Provisionally Settled
TELE-satellit News, 10 January 1997
AMSC Lawsuit Provisionally Settled
NEW YORK, New York, USA, 97/01/10 (SatND) -- The AMSC lawsuit has been
voluntarily dismissed, for the time being. Spar Aerospace Ltd. of Canada
and various insurers of AMSC Subsidiary Corp. as well as Lockheed Martin
Corp. have agreed to discuss the matter -- a malfunction of the AMSC 1
communications satellite (101°W) that reduces its capacity by 15 percent --
by June 1, 1997.
The agreement is without prejudice to the parties involved and includes
the plaintiffs' right to re-file the complaint. They had originally asked
for US$135 million in damages, claiming that the capacity shortage was due
to "certain defects in the communications payload supplied by Spar."
By: Peter Klanowski
(c)TELE-satellit 1996. All rights reserved.
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