CEDAR RAPIDS, IA—The $31.6 million Goss International judgment for press equipment dumping levied against TKS last December was upheld in federal court on May 26. In issuing the decision, U.S. District Court Judge Linda Reade cited evidence that TKS, the U.S. subsidiary of Tokyo Kikai Seisakusho, used "a fraudulent price increase and secret $2.2 million rebate" to prevent one U.S. newspaper from purchasing Goss presses. TKS and its lawyers were also accused of attempting to destroy documents to conceal the secret rebates. The judgment capped a three-week trial in federal court here. TKS was found to have systematically dumped its press equipment on the U.S.
Judge Linda Reade
CEDAR RAPIDS, IA--June 1, 2004--Citing evidence that TKS used "a fraudulent price increase and secret $2.2 million rebate" to prevent one U.S. newspaper from purchasing Goss presses, and that TKS and its lawyers "attempted to destroy documents to conceal the secret rebates", United States District Court Judge Linda Reade issued an opinion on May 26th upholding the $31.6 million judgment that Goss International won from TKS last December. That judgment followed a three week trial in federal court in which the jury found that Tokyo Kikai Seisakusho, Ltd. and its U.S. subsidiary ("TKS") had systematically dumped TKS's press equipment on the U.S. market with