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April
 2003



 

 

 

 

 

 

 

 

 

 

 

 


 

 

 


 

 

 

 

 

 

 



 











 



 

 

Goss antidumping accord reached

Goss International confirmed it has reached a settlement with three press makers it accused of causing its 1999 bankruptcy.

A source told Newspapers & Technology the company had negotiated an agreement with MAN Roland Inc., KBA and Mitsubishi Heavy Industries, thus ending a legal battle that begun when Goss sued competitors for allegedly selling their equipment at lower than fair-value prices. Claims against a fourth press vendor, TKS, have not been withdrawn.

Terms of the settlement were not disclosed. But vendors were likely induced to settle now rather than continue to spend money fighting the suit.

“It’s cheaper to settle than to have years of attorneys’ fees,” said an executive at one of the affected press suppliers, who declined to be identified.

Goss had staked its claims on the Antidumping Act of 1916 to recover damages. That legislation has been under attack as being out of step with more current trade guidelines established by the World Trade Organization.