Sydney - Thursday - July 24: (RWE Australian Business News) - Quantum Energy Ltd (ASX:QTM) today announced an update on legal action by its wholly-owned subsidiary, Insight Oceania Pty Ltd, which operates the medical distribution business. Insight had previously advised that Philips Medical Systems was seeking to terminate the contractual arrangement in relation to the sale of certain medical products. As a consequence, Insight commenced legal proceedings to retain this contract. These proceedings have now culminated, with the court delivering a judgment in Insight's favour. Final orders to this effect will be made on August 1 by the court, subject to the parties agreeing in any further mediation/settlement to the contrary.
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