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Qimonda Insolvency Administrator Increases Quantified Claim - The insolvency administrator of Qimonda AG has increased his request for payment (see our press release of 14 February 2012) in the lawsuit pending in the Munich District Court I over the alleged economic re-establishment of Qimonda AG
Qimonda Insolvency Administrator Increases Quantified Claim

 

PRZOOM - /newswire/ - Neubiberg, Germany, 2012/06/15 - The insolvency administrator of Qimonda AG has increased his request for payment (see our press release of 14 February 2012) in the lawsuit pending in the Munich District Court I over the alleged economic re-establishment of Qimonda AG. FSE: IFX; OTCQX: IFNNY

   
 
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In his request for payment on the grounds of economic re-establishment the insolvency administrator is now seeking payment of at least approx. 3.35 billion Euro, plus interest. Furthermore, the insolvency administrator continues to base a substantial part of his alleged payment claims on so-called liability for impairment of capital (Differenzhaftung).

With respect to further details, we refer to our press release dated 14 February 2012.

D I S C L A I M E R
This press release contains forward-looking statements about the business, financial condition and earnings performance of the Infineon Group. These statements are based on assumptions and projections resting upon currently available information and present estimates. They are subject to a multitude of uncertainties and risks. Actual business development may therefore differ materially from what has been expected. Beyond disclosure requirements stipulated by law, Infineon does not undertake any obligation to update forward-looking statements.

About Infineon

Infineon Technologies AG (infineon.com), Neubiberg, Germany, offers semiconductor and system solutions addressing three central challenges to modern society: energy efficiency, mobility, and security. In the 2011 fiscal year (ending September 30), the company reported sales of Euro 4.0 billion with close to 26,000 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

Information Number: INFXX201206-047

 
 
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Agency / Source: Infineon Technologies AG

 
 

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Qimonda Insolvency Administrator Increases Quantified Claim

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Infineon Technologies AG |
Contact: Kay Laudien - Infineon.com 
+49 89 23428481 kay.laudien[.]infineon.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Infineon Technologies AG securities in any jurisdiction including any other companies listed or named in this release.

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