Tuesday, September 6, 2011

US based company seeks US$80m damages from MAS

KUALA LUMPUR: US-based GIRO-Warranty House International, Inc. is seeking US$80 million (RM238.4 million) in damages from MALAYSIAN AIRLINE SYSTEM BHD [] (MAS).

MAS said on Tuesday, Sept 6 it was served with a complaint in the US District Court for the Northern District of Oklahoma on Aug 22.

'GIRO ' Warranty House International, Inc. alleges breach of contract and fraudulent misrepresentation and seeks damages of up to US$80 million,' it said.

MAS''said it was reviewing the complaint with the assistance of external counsel.

According to the website, Warranty House provides warranty management services. It is a warranty advocate and provides services that deliver financial benefits for often overlooked warranties and guarantees.

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