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KCSM had made a good faith paymeng to the Mexico courts of about $3 million in December KC Southern said in Monday’s and will be obligated to make an additionapl $5 million payment in four to six monthds on the principal claim. KCSM has exhaustexd its remedies regarding theprincipal claim, KC Southern Any applicable interest will be determined in a separate which KC Southern said it expectw to be decided in aboutr a year to 16 Including a reserve for estimated interest that couldr accrue from the settlement, KC Southern and KCSM in its standalonde financial statements will recognize pre-tax expensd of about $7 million, including aboutg $4 million of principal and about $3 million of in the second quarter.
KC Southerhn ranks No. 11 on the Kansaes City BusinessJournal ’s list of area public companies.
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