239 articles for

October 2008

ACCENTURE LTD: CT State Suit for Data Security Breach Continues

Accenture Ltd. remains involved in the State of Connecticut’s action alleging data security breach filed in September 2007, in the State Superior Court in Hartford.

The action arises in connection with work the Company undertook for the State of Connecticut’s Office…

HALLIBURTON: Guilty Plea Entered by Stanley for FCPA Breach

Halliburton Company reports that in September 2008, A. Jack Stanley, who formerly served as a consultant and chairman of Kellogg Brown & Root LLC, pleaded guilty to conspiring to violate the U.S. Foreign Corrupt Practices Act (FCPA) in connection with…

HERLEY INDUSTRIES: Consolidated Derivative Action in Discovery

Parties to the consolidated derivative action filed against Herley Industries, Inc., have until January 2009 to complete discovery.

In July and August 2006, the Company and certain of its current and former officers and directors were served with two separate…

HALLIBURTON CO: Barracuda-Caratinga Arbitration v. KBR Ongoing

Halliburton Company’s KBR subsidiary continues to face Petrobras’ arbitration, which was commenced in March 2006, related to the Barracuda-Caratinga project.

The suit is claiming US$220 million plus interest for the cost of monitoring and replacing the defective bolts and all related…

MUELLER INDUSTRIES: Review on Copper-Dumping Issue Ended in Aug.

The Canada Border Services Agency, on Aug. 27, 2008, completed a review process under which revised normal values were issued to exporters of subject goods, including Mueller Industries Inc.

In June 2006, the CBSA initiated an investigation into the alleged…

MUELLER INDUSTRIES: Breach Lawsuit v. Berkmans Remains Pending

Mueller Industries Inc.’s suit against Mr. Peter D. Berkman and Mr. Jeffrey Berkman for the alleged breach of fiduciary duties and contractual obligations remains pending.

On June 1, 2007, the Company filed a lawsuit in the Circuit Court of Dupage County,…

HERLEY IND: USAO Actions on Possible Claims Settled in May 2008

Herley Industries, Inc., on May 5, 2008, entered into an agreement with the United States Attorney’s Office for the Eastern District of Pennsylvania to resolve the potential issues arising from the lawsuit threatened against the Company pursuant to, among other…

HALLIBURTON CO: Reports Stanley’s Admission to Bid-rigging Acts

The Department of Justice, in September 2008, informed Halliburton Company and KBR Inc. that A. Jack Stanley admitted to bid-rigging, claimed that others knew about it, and stated that the DOJ feels it has a viable wire fraud case based…

PENTAIR INC: $35M Settlement Paid to Celebrity Cruise Last Aug.

Celebrity Cruise Lines, Inc.’s lawsuit against Pentair, Inc.’s subsidiary Essef Corporation and certain of its subsidiaries was settled by payment of US$35 million to Celebrity in August 2008, a portion of which was covered by insurance.

On July 8, 2008,…

SUPERVALU INC: Supreme Court Reverses Judgment in Johnson’s Suit

The Virginia Supreme Court, on Sept. 12, 2008, reversed the judgment in the suit styled Jonathan Johnson v. SUPERVALU INC. and Richfoods Inc. in its entirety and entered judgment in the Company’s favor.

The owner of grocery store chain Market…

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