Mechel PAO (MTL)

[I-Man]

new trial to begin all over again here::

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Mechel Reports Reversal of Court Decision

9:30 am ET November 22, 2017 (Globe Newswire)
Mechel PAO (MOEX:MTLR)(NYSE:MTL), a leading Russian mining and metals company, reports a court decision.

According to court information, the North Caucasus Arbitration Court reversed the decision by a first-instance court, as well as that of a court of appeal, to charge Mechel PAO jointly with other respondent parties a sum of 12.7 billion rubles in favor of Rostov Electrometallurgical Plant OOO. The case was remanded for a new trial.

Mechel PAO is satisfied by the cassation court's decision and expects that at the new trial, the respondents' defence arguments will be taken into account, and a reasonable and lawful decision will follow.