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Molex Announces Settlement of Litigation with Mizuho Bank

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posted:2/15/2013
language:Japanese
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Description: LISLE, Ill.--(BUSINESS WIRE)--Molex Incorporated (NASDAQ: MOLX and MOLXA), a global electronic components company, announced today that it has settled litigation with Mizuho Bank, which commenced in Tokyo District Court in August 2010, regarding previously reported unauthorized loans. The charge for the quarter ending March 31, 2013 related to this settlement is expected to approximate between $21 - 23 million before tax based on current foreign exchange rates. Under the terms of the settlement a s
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