RedHill Launches Enforcement of $11 Million New York Supreme Court Final Judgment Against Kukbo
RedHill Biopharma (RDHL) has commenced enforcement proceedings in Korea regarding a final $10.9 million New York Supreme Court judgment against Kukbo Co. Ltd. The judgment, which includes $8.9 million in principal and $1.95 million in legal fees, is now final with no further appeals permitted. RedHill has previously secured a Korean court attachment to prevent asset disposal by Kukbo.
Key figures
- Legal fees
- $1.95 million
- Main judgment
- $8.9 million
- Judgment total
- $10.9 million
- Statutory interest rate
- 9%
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