Gilimex (stock code: GIL) held an extraordinary shareholders meeting to discuss issues related to its lawsuit against Amazon Robotics LLC. The company authorized its CEO and executives to actively protect the legal rights of the company in the lawsuit in the U.S., stating they wouldn’t be personally liable for any damages related to this case. Moreover, the company will accept the court’s decision in the U.S. Gilimex also approved a success fee for consulting units amounting to 20% of the received judgment. Gilimex filed a lawsuit against Amazon after a sudden demand reduction caused $280 million in damages, leading to an 80% drop in revenue in 2022 and consecutive quarterly losses. Nevertheless, Gilimex reported profits again in Q4 2023 and plans an 82% profit increase in the future.
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