Magazine article Editor & Publisher

TKS, Goss Agree to End Dumping Dispute

Magazine article Editor & Publisher

TKS, Goss Agree to End Dumping Dispute

Article excerpt

Ending more than 14 years of legal wrangling, press manufacturers Tokyo Kikai Seisakusho Ltd., with a subsidiary in Irving, Texas, and Goss International Corp., headquartered in Bolingbrook, Ill., announced today that they have agreed to settle their disputes with each other and are taking steps to end pending litigation in the United States and Japan, as well as pending legislative and administrative matters in the United States.

Neither side will discuss terms of the agreement.

The companies said the resolution was in their and their customers' best interest, allowing them to offer their full product lines to the U.S. market.

The disputes can be traced to the mid-1990s, when Goss petitioned the U.S. government to investigate possible press dumping -- that printing equipment from TKS and three other overseas manufacturers was being sold in the U.S. at less than fair value. Such dumping was found to have occurred, and antidumping duties were imposed.

Goss later successfully sued TKS for violation of the Antidumping Act. Settlements were reached with the other press suppliers originally named in the suit before the case went to trial. The multimillion-dollar award led Japan to threaten a "clawback" remedy in view of the World Trade Organization's recognition of the Antidumping Act as contrary to U. …

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