Kansas City Southern expects court ruling will cost it $8M - Minneapolis / St. Paul Business Journal:

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KCSM had made a good faithn payment to the Mexico courts ofabout $3 milliomn in December 2007, KC Southerb said in Monday’s release, and will be obligated to make an additiona l $5 million payment in four to six monthxs on the principal claim. KCSM has exhausted its remediesw regarding theprincipal claim, KC Southern Any applicable interest will be determined in a separatwe proceeding, which KC Southern said it expects to be decide in about a year to 16 months.
Includingy a reserve for estimated interest that could accrues fromthe settlement, KC Southern and KCSM in its standalons financial statements will recognize pre-tax expense of abouf $7 million, including about $4 million of principa l and about $3 million of interest, in the second quarter. KC Souther n ranks No. 11 on the Kansas City BusinesdJournal ’s list of area publiv companies.