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Shares in Kuwait’s Agility suspended amid US legal dispute
Logistics firm delays release of its 2009 results over allegations that it overcharged the US Army on supply contracts in Iraq, Kuwait and Jordan.
April 6, 2010 4:45 by Ben Flanagan
Shares in Agility remain suspended following allegations that it overcharged the US Army for contracts in Iraq, Kuwait and Jordan.
The Kuwaiti logistics firm has also postponed the release of its 2009 financial results until April 11, due to the legal battle with the US government, according to a report by Reuters.
Agility, which had already delayed the results to April 6, said in a statement on Tuesday that it was waiting to see “whether or not it can resolve a legal dispute with the US government.”