Federal Court Upholds Goss' Judgment Against TKS

CEDAR RAPIDS, IA--June 1, 2004--Citing evidence that TKS used "a fraudulent price increase and secret $2.2 million rebate" to prevent one U.S. newspaper from purchasing Goss presses, and that TKS and its lawyers "attempted to destroy documents to conceal the secret rebates", United States District Court Judge Linda Reade issued an opinion on May 26th upholding the $31.6 million judgment that Goss International won from TKS last December. That judgment followed a three week trial in federal court in which the jury found that Tokyo Kikai Seisakusho, Ltd. and its U.S. subsidiary ("TKS") had systematically dumped TKS's press equipment on the U.S. market with the intent to destroy or injure the U.S. printing press industry.