The Swiss Federal Criminal Court informed the parties on October 16, 2024, that the Office of the Attorney General (OAG) has substantially withdrawn its appeal against the first instance acquittals of two employees of Burckhardt Compression AG.
The employees had already been acquitted of all allegations of exploiting insider knowledge in the purchase of shares for the company’s ordinary employee stock ownership program in December 2023. However, the OAG filed an appeal on August 26, 2024, against the acquittal.
With the OAG’s withdrawal of the appeal, the acquittal has now become final and binding, clearing the two employees of said allegations.
Burckhardt Compression appreciates the efforts of all parties involved in this matter and remains dedicated to maintaining highest corporate governance standards.