Long-standing lawsuit against Engility dismissed

Loading...
Loading...
CHANTILLY, Va.--(BUSINESS WIRE)--

Engility Holdings, Inc. EGL, today announced that a long-running lawsuit against it, Jovic, et al. v. Engility Corporation, Inc., has been resolved.

"From the outset of this case, which began more than six years ago, we have steadfastly maintained that there was no factual or legal basis for the suit and that fact is explicitly recognized by today's events," said Tom Miiller, Engility senior vice president and general counsel.

Plaintiffs filing the suit in August 2010 contended they had been harmed by military operations during the wars following the break-up of former Yugoslavia. They alleged Engility was liable for their injuries because an Engility predecessor company had provided training to the Republic of Croatia Department of Defense in 1995.

On Engility's motion in September 2014, the United States District Court dismissed all of the claims based upon alleged violations of international law and Engility subsequently asked the court to dismiss all remaining claims. Engility's latest motion was pending when the parties resolved the case through mediation that resulted in the dismissal of all remaining claims.

Miiller also announced today that Engility will make a $1.4 million donation to International Christian Ministries, Inc., whose mission is to support refugees and displaced persons without regard to race, religion, nationality or ethnic origin.

"Although the company never had any legal responsibility to the Plaintiffs in this case," Miiller said, "humanitarian assistance is always in order to protect and assist persons who are displaced by military conflicts."

About Engility

Engility EGL, a leading provider of mission-critical and highly technical services to the U.S. government, is engineered to make a difference. Built on a five-decade commitment to our customers and our country, Engility delivers world-class performance, efficiency and value in a broad range of services, including engineering and technology life cycle support, program and business support and specialized technical consulting. Headquartered in Chantilly, Virginia, and with offices around the world, Engility supports customers throughout the defense, intelligence, space, federal civilian and international communities, drawing on our intimate understanding of customer needs, our deep domain expertise and our highly skilled employees to develop and deliver on-target solutions. To learn more about Engility, please visit www.engilitycorp.com and connect with us on Facebook, LinkedIn and Twitter.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Engility's future prospects, projected financial results, estimated integration costs and acquisition related amortization expenses, business plans, as well as the TASC transaction and its expected benefits and the timing of such benefits. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are also used to identify these forward-looking statements. These statements are based on the current beliefs and expectations of Engility's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause Engility's actual results to differ materially from those described in the forward-looking statements can be found under the heading "Risk Factors" included in our Annual Report on Form 10-K for the year ended December 31, 2015, and more recent documents that have been filed with the Securities and Exchange Commission (SEC) and are available on the investor relations section of Engility's website (http://www.engilitycorp.com) and on the SEC's website (www.sec.gov). Forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, historical information should not be considered as an indicator of future performance.

Engility Holdings, Inc.
Corporate Communications
Eric Ruff, 703-375-6463
eric.ruff@engilitycorp.com
or
Engility Holdings, Inc.
Investor Relations
Dave Spille, 703-375-4221
dave.spille@engilitycorp.com

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...