Caesarstone delays publication of reports, which was scheduled for today, due to discussions related to legal settlements

Caesarstone is delaying the publication of its third-quarter financial reports by a week, which was scheduled for today, due to discussions related to legal settlements. Last week, a jury in California ruled that the company must pay $46.5 million in a lawsuit.

Caesarstone, the countertop manufacturer, has postponed the release of its third-quarter financial reports, originally scheduled for today (Wednesday), by one week to November 11. The company stated that the delay is intended to allow additional time for discussions related to legal settlements, without providing further details. Last week, Caesarstone reported that a jury in California ruled that it must pay $46.5 million in a lawsuit related to health injuries suffered by countertop installers. Meanwhile, an updated notice for the shareholders' meeting includes a vote on the re-election of Dr. Ariel Halperin to the board of directors, following the expiration of the shareholders' agreement between Kibbutz Sdot Yam and Tene Fund. The company is traded on Nasdaq with a market value of $59 million.