Pernod Ricard and Russian Standard Vodka Settle Dispute
The claims in this action have been dismissed with prejudice, without any admission of liability by any party, without payment of money by any party to any other party and without injunctive relief for or against any party or any of its affiliates.
9 Apr 2010 --- Pernod Ricard and Russian Standard Vodka have announced that they have reached a settlement of claims brought by Russian Standard against Pernod Ricard in the United States District Court for the Southern District of New York.
The claims in this action have been dismissed with prejudice, without any admission of liability by any party, without payment of money by any party to any other party and without injunctive relief for or against any party or any of its affiliates.
Created in 1975 by the merger of Ricard and Pernod, the Pernod Ricard Group has undergone sustained development, based on both organic growth and acquisitions. The acquisitions of Seagram (2001), Allied Domecq (2005) and recently of Vin & Sprit (2008) have made Pernod Ricard the world’s co-leader in wines and spirits with consolidated sales of € 7,203 million in 2008/09.
