Dialight plc share price, company news, analysis and interviews

Dialight plc welcomes Carolyn Zhang as its new CFO and executive director, bringing extensive experience in finance roles for global manufacturing companies.

Dialight plc, the global leader in LED lighting for heavy industrial applications, provides a trading and operational update for 2023. Despite ongoing challenges, the company maintains market share through improved service and availability. They expect to sustain momentum and make progress in 2024.

Dialight Plc (LON:DIA) have stated today that further to announcements made on 15 March 2023 (in respect of the ruling on Sanmina’s dismissal motion) and on 29 November 2023 (in respect of the ruling on Sanmina’s motion for reconsideration), Dialight confirms that both judgments have now been fully released by the court and are available at https://ecf.nysd.uscourts.gov.  They are also available on Dialight’s corporate website at www.dialight.com/ir/shareholder-information/sanmina-litigation/. In the First Judgment, the court denied Sanmina’s motion to dismiss Dialight’s fraudulent inducement claim and denied its motion for summary judgment on Sanmina’s accounts receivable claim.  In the Second Judgment, the court affirmed its prior opinion

Dialight plc (LON:DIA) has provided an update to the Sanmina litigation. As reported previously, Dialight plc has been involved in ongoing litigation with its former manufacturing partner, Sanmina Corporation in relation to the termination of a manufacturing services agreement. Both parties issued formal legal proceedings in December 2019 and Sanmina lodged a motion for summary judgment to dismiss certain elements of Dialight’s claims and counter-claims. The Court’s ruling on Sanmina’s dismissal motion (with pleadings first filed on 2 May 2022) was released to the parties under seal on Tuesday 14 March 2023 (the “First Judgment“). The notification of this ruling is available at https://ecf.nysd.uscourts.gov and is also available