239 articles for

October 2008

CSX CORP: Transportation Unit Faces Seminole’s STB Rate Case

Seminole Electric Cooperative, Inc., on Oct. 3, 2008, filed a complaint before the U.S. Surface Transportation Board against CSX Corp.’s principal operating company, CSX Transportation, Inc.

CSXT and Seminole are parties to an existing railroad transportation contract that is set…

COSTCO WHOLESALE: Donnelly’s Derivative Suit Pending in Wash.

The shareholder derivative lawsuit filed by Sandra Donnelly, filed ostensibly on behalf of Costco Wholesale Corporation, against certain of its current and former officers and directors, is pending.

The suit, Sandra Donnelly v. James Sinegal, et al., Case No. 08-2-…

CSX CORP: N.J. AG Halts Probe on Unit’s Fuel Surcharges in July

The New Jersey Office of the Attorney General, in July 2008, formally notified CSX Corp.’s principal operating company, CSX Transportation, Inc., that it had decided not to proceed with its investigation at this time.

In July 2007, CSXT received a…

COSTCO WHOLESALE: Jury Probes Option Granting Practices Review

A grand jury investigation concerning the special committee’s review of Costco Wholesale Corporation’s historical stock option grant practices is ongoing.

Following publicity regarding the granting of stock options, the Company initiated an internal review of its historical stock option grant…

TATA COMMS: Appealing Disallowance of ICO Global Loss Write-Offs

Tata Communications Limited is appealing the Indian tax authorities’ disallowance of the Company’s write-off in its books of accounts of its investment in the Shares of ICO Global Communications Inc. before the Income Tax Appellate Tribunal.

ICO Global filed for bankruptcy…

TATA COMMS: Appealing DoT’s Levy Reimbursement Claim Before ITAT

Tata Communications Limited is appealing before the Income Tax Appellate Tribunal over the Indian tax authorities’ claim for reimbursement of the Department of Telecom’s levy.

The Indian tax authorities have taken the position that the Company has not offered for taxation…

QEP CO: Rosebery’s Action Over Benzene Exposure Pending in N.Y.

The lawsuit captioned John Rosebery et al v. 3M Marine, et al., Index No. 21464/07, is pending in the New York Supreme Court, County of Suffolk, according to Q.E.P. Co. Inc.’s Form 10-Q, filed with the Securities and Exchange Commission,…

TATA COMMS: Reaches Deal With Polargrid LLC over Contract Breach

Polargrid LLC’s contract breach suit against Tata Communications Limited was settled out of court during the fiscal year ended March 31, 2008, according to the Company’s Form 20-F as filed with the Securities and Exchange Commission on Oct. 14, 2008.

Polargrid,…

TATA COMMS: Mulls Options Over Final Award in FLAG Arbitration

Tata Communications Limited, in its Form 20-F filed with the Securities and Exchange Commission dated Oct. 14, 2008, said that it will consider its options over challenging in the Netherlands courts the final arbitration award in favor of Reliance Globalcom…

TATA COMMS: Inquiries on ITXC’s Possible FCPA Violations Ongoing

Tata Communications Limited, in its Form 20-F filed with the Securities and Exchange Commission dated Oct. 14, 2008, says it intends to continue cooperating with the Securities and Exchange Commission and the U.S. Department of Justice over ITXC Corp.’s possible…

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