Source disclosure: January 22, 2026
Wedge Holdings CO.,LTD. [2388.T]
TOKYO, Jan 22 (Pulse News Wire) – Wedge Holdings CO.,LTD. (2388.T) reported that the Supreme Court of Thailand rejected Group Lease PCL’s appeal in a lawsuit against JTrust Asia Pte.
Ltd. The initial lawsuit, filed in 2018, sought compensation for damages caused by JTrust Asia's baseless legal actions. In the first instance, Group Lease won the case in March 2020; however, the second-instance court overturned the decision. Despite Group Lease’s subsequent appeal, the highest court upheld the lower court’s ruling. The lawsuit centered around a six-month automatic stay imposed on Group Lease due to JTrust Asia’s bankruptcy filing in early 2018.
Group Lease had requested approximately ¥208 million in damages, equivalent to ¥685 million Thai baht. The rejection of the appeal marks a significant setback for Group Lease, which believes JTrust Asia engaged in abusive litigation tactics, leading to substantial losses. In response to the latest development, Wedge Holdings stated its commitment to mitigating further damage through various recovery measures. The company views the repeated filings for corporate restructuring and bankruptcy by JTrust Asia as unjustified and harmful. While the initial claim was dismissed, Wedge Holdings remains determined to pursue additional claims to hold JTrust Asia and its parent company accountable for their actions.
Any future developments related to this matter will be disclosed accordingly.
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