239 articles for

October 2008

PALL CORP: SEC & N.Y. USAO Probes on Tax Issues Still Ongoing

Pall Corp. continues to cooperate with the U.S. Securities and Exchange Commission and the U.S. Attorney’s Office for the Eastern District of New York in their investigations into the Company’s understatement of certain of its U.S. income tax payments and…

TRC COS: Defends EFI Global’s Action Over Improper Solicitation

TRC Companies Inc. defends itself in the lawsuit captioned EFI Global v. Peszek et. al, pending in the Cook County Circuit Court.

The plaintiff originally sued several of its former employees alleging improper solicitation of employees, misuse of confidential information…

MAHANAGAR TELEPHONE: Contesting CIT Taxes on Fund Contributions

Mahanagar Telephone Nigam Ltd. is contesting the additional income tax demanded by the Central Income Tax Authority of India relating to the General Provident Fund contributions.

General Provident Fund is a scheme applicable to the Company’s employees who have opted for…

CATALENT PHARMA: Faces 24 Civil Suits for Amnesteem(R) Injuries

Catalent Pharma Solutions, Inc. faces 24 civil lawsuits filed by a variety of plaintiffs purportedly injured by their use of the prescription acne medication Amnesteem(R), a generic form of isotretinoin.

Beginning in November 2006, the Company, along with several pharmaceutical…

MAHANAGAR TELEPHONE: Contesting CIT India’s Tax Payment Demands

Mahanagar Telephone Nigam Ltd. continues to contest the Central Income Tax Authority of India’s demand for payment of taxes on increased taxable income due to disallowed license fees.

The CIT had historically disallowed the license fee paid by the Company…

THOR INDUSTRIES: Working with SEC on Financial Statements Probe

Thor Industries Inc. is cooperating with the U.S. Securities and Exchange Commission’s review of the Company’s financial statements.

The SEC is reviewing the facts and circumstances giving rise to the restatement of the Company’s previously issued financial statements as of…

VAIL RESORTS: Awaits Hearing Date for Peninsula & Talisker Bids

A new hearing date has yet to be set for the motions filed by Peninsula Advisors, LLC, Talisker Corp. and Talisker Canyons Finance Company, LLC in Vail Resorts, Inc.’s complaint in the District Court, City and County of Denver, Colorado.

During…

HARRIS STRATEX: Appeal on Supplier Deal Still Pending in Brazil

The appeal filed by Harris Stratex Networks, Inc. on the decision to enforce performance of an alleged agreement between the former Stratex Networks, Inc. entity and a supplier remains pending in Brazil.

Harris Stratex Networks, Inc. was formerly known as Stratex…

DIAMOND FOODS: CPUC Approval of Settlement with PG&E Pending

The settlement between Diamond Foods, Inc. and PG&E resolving the breach of contract dispute stemming from the Company’s decision to cease operating its cogeneration facility is subject to approval by the California Public Utilities Commission.

PG&E’s complaint filed on Feb. 3,…

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