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Quotes & Info
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| WCC > SEC Filings for WCC > Form 8-K on 19-Feb-2013 | All Recent SEC Filings |
19-Feb-2013
Other Events
As previously reported, WESCO International, Inc. (the "Company"), through its wholly owned subsidiary, WESCO Distribution, Inc., is a defendant in a lawsuit in Indiana state court in which a customer, ArcelorMittal Indiana Harbor, Inc. ("AIH"), alleges that the Company sold defective products to AIH in 2004 that were supplied to the Company by others. The lawsuit sought monetary damages in the amount of approximately $50 million. On February 14, 2013, the jury returned a verdict in favor of AIH and awarded damages in the amount of approximately $36 million. The Company plans to record the impact of this judgment in the financial statements for the period ended December 31, 2012. The Company, however, disputes this outcome and intends to appeal the judgment on the verdict. The Company has submitted the claims to its insurance carriers. This verdict does not affect the Company's ability to execute its strategic plan and initiatives.
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