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Eramet

Legal Proceedings Report Dec 2, 2011

1293_iss_2011-12-02_deda4888-2780-4ecb-948e-4c977d2b00b6.pdf

Legal Proceedings Report

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Paris, December 2nd, 2011

PRESS RELEASE

In the dispute opposing, in the presence of ERAMET, on one hand, Carlo Tassara France and, on the other hand, SIMA, Sorame, Ceir and various members of the Duval family, the Paris Tribunal of Commerce, ruling on the date of December 2nd, 2011, gave the following decision:

  • "- Declares SAS CARLO TASSARA FRANCE inadmissible:
  • pursuant to prescription,
  • with respect to its claims concerning the contribution of SAS SOCIETE INDUSTRIELLE DE METALLURGIE AVANCEE S.I.M.A to SA ERAMET and continuations thereof,
  • with respect to its claims concerning the support provided by SA ERAMET to SAS SOCIETE INDUSTRIELLE DE METALLURGIE AVANCEE S.I.M.A and the company SMC,
  • Dismisses all other claims by SAS CARLO TASSARA FRANCE,

  • Dismisses the claim by SCPA SORAME, SAS CEIR and jointly interested DUVAL parties for damages for abuse of process,

  • Orders SAS CARLO TASSARA FRANCE to pay, with respect to article 700 of the code of civil procedure (CPC):

  • to SA ERAMET the sum of €300,000,

  • to SCPA SORAME, SAS CEIR and jointly interested DUVAL parties (private individuals) together the sum of €300,000,
  • to SAS SOCIETE INDUSTRIELLE DE METALLURGIE AVANCEE S.I.M.A. the sum of €150, 000,
  • Dismisses all other, broader or opposing claims by the parties,
  • Orders the provisional execution of the present judgement;
  • Orders SAS CARLO TASSARA FRANCE to pay full costs."

  • ooOoo -

ABOUT ERAMET

ERAMET is a leading global producer of:

  • alloying metals, particularly manganese and nickel, used to improve the properties of steel,

  • high-performance special steels and alloys used in industries such as aerospace, power generation and tooling.

Moreover, ERAMET is studying or developing major projects in new metals with high growth potential, such as lithium, niobium and rare earths, and in recycling.

The Group employs approximately 15,000 people in 20 countries. ERAMET is part of Euronext Paris Compartment A.

CONTACT

Philippe Joly

Vice President Strategy and Investor Relations Tel.: +33 (0)1 45 38 42 02

For more information: www.eramet.com

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