Kaba: Class action lawsuit settled
The class action lawsuit filed against Kaba in the US at the end of 2010 has now been settled, the company announced today.
The settlement agreement, which was signed by representatives of the plaintiffs and the Kaba Group was filed, was approved by the competent federal court in Ohio.
The lawsuit alleged defects in specific models of Simplex mechanical pushbutton locks manufactured by an American subsidiary of the Kaba Group and misleading advertising, according to Kaba Holding in Rümlang ZH. Kaba has always denied the allegations, it said. The settlement provides for non-monetary benefits on the part of Kaba, it said. In an interview in the trade journal "SafetyForum", May issue, Riet Cadonau said, "These benefits, including legal costs, are covered by the provision from the 2010/2011 fiscal year."
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