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Dorbyl of South Africa Surges Most Since January 2010 on Court-Case Win
Dorbyl Ltd. (DLV) surged the most in 18 months after the South African mechanical-engineering company said it was successful in a high court claim against a former director regarding undisclosed gains by the director.
The stock rallied 20 percent, the biggest intraday gain since January 2010, to 2.95 rand by 3:25 p.m. in Johannesburg.
The judgment is unlikely to be appealed, the company said in a regulatory filing today.
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