— In December of 2002, Morkens Car Division, formerly a distributor of Mitsubishi brand vehicles in Belgium, served Mitsubishi Motors Corporation (MMC) and MMC's European subsidiary Mitsubishi Motors Europe BV (MME) with a civil suit requesting damages in relation to MME's unilateral canceling of a distributor's agreement. In addition, six dealers affiliated with Morkens and six independent dealers also filed a similar suit requesting damages.
On March 30, 2006, a settlement agreement was reached between the parties involved.
All costs and charges related to these proceedings have already been incorporated into MMC's earnings projections (consolidated & unconsolidated) for the current fiscal year.
