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RedHill Granted $8.25M Original Award Plus $1.82M Legal Costs As New York Court Rules Against Kukbo Again

Benzinga·09/29/2025 11:08:54
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  • The New York Supreme Court has, on appeal, upheld its original summary judgment ruling in favor of RedHill
  • The New York Supreme Court unequivocally dismissed Kukbo Co. Ltd's ("Kukbo") defense again, further ruling that RedHill had fulfilled its agreement obligations even after Kukbo's breach
  • RedHill has been granted approximately $10 million in total awards comprised of the $8.25 million original award and a subsequent $1.82 million award for legal costs and expenses (including 9% statutory interest accrual)