First-half net income at the luxury skiwear and apparel company declined 18% to €153,460,000 ($179.5 mm) from €180,741,000 on revenue just south of flat at €1,225,665,000 ($1,434.0 mm) compared to €1,230,163,000 (+1% CC).

The Finnish fishing gear maker’s net income attributable to shareholders plummeted 53% in the first half to €2.2 million ($2.5 mm) from €4.7 million despite revenues improving 4%, up 5% constant currency, to €125.5 million ($142.6 mm) against €120.5 million last year.

A suit filed in NY Supreme Civil Court claims that the deal undervalues Big Foot’s intrinsic value, and that two retailers did not fully disclose the financial conflicts of interest of FL’s directors.