Goss Claims Court Victory

CEDAR RAPIDS, IA—The $31.6 million Goss International judgment for press equipment dumping levied against TKS last December was upheld in federal court on May 26.

In issuing the decision, U.S. District Court Judge Linda Reade cited evidence that TKS, the U.S. subsidiary of Tokyo Kikai Seisakusho, used "a fraudulent price increase and secret $2.2 million rebate" to prevent one U.S. newspaper from purchasing Goss presses. TKS and its lawyers were also accused of attempting to destroy documents to conceal the secret rebates.