I agree. “Pact Claim Group” just means the cos within the Pact group that are parties to the litigation with TIC for about $30m. PGH have used that collective name (defined here for the first time, I think) for convenience so they don’t need to refer to all the relevant subsidiaries individually. For shareholders, it’s easier just to think of this as Pact itself- the question of which parts of PGH are involved with TIC doesn’t matter.
The Group is not party to any otherlegal proceedings that are expected, individually or in the aggregate, to havea material adverse effect on its business, financial position, or operatingresults?'This means that, apart from the litigationwith TIC, there is NO actual or expected legal dispute between Pact (or any ofits subsidiaries) and any one, except for matters that are small (evenwhen taken in aggregate) in the context of PGH’s assets or profits. Put simply, the only large legal fight for the whole of Pact is the one with TIC. .
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I agree. “Pact Claim Group” just means the cos within the Pact...
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