Shareholders of Stomil Olsztyn threaten to sue Michelin in U.S. court

Minority shareholders in Stomil Olsztyn, a Polish tire manufacturer, announced that if majority shareholder Michelin does not resolve its conflict with shareholders by February 15, they will take legal action in a U.S. court. The financial investors of Stomil Olsztyn accuse the French shareholder of transferring profits from the Polish company to Michelin and double-charging for services. "We have not received any announcement about this case," said Stomil Olsztyn's spokesperson Ewa Czarnecka. "As soon as we do, the management will announce its position. Management and Michelin are looking for ways to resolve the conflict with financial investors," she added. (Prawo i Gospodarka, p. 10) A.K.