174 articles for

November 2008

GOLD FIELDS: Probe into South Deep Mine Accident Still Ongoing

Gold Fields Limited says that the Mine Health and Safety Inspectorate of the Department of Minerals and Energy’s investigation into an accident, at the Twin Shaft Complex of the South Deep Mine, is ongoing.

On May 1, 2008, the accident occurred…

NYSE EURONEXT: Dismissal of Ex-CEO’s Claims Upheld on June 25

NYSE Euronext disclosed in its latest quarterly report on Form 10- Q filed with the U.S. Securities and Exchange Commission that on June 25, 2008, the New York Court of Appeals entered an order affirming the May 2007 order of…

HEWITT ASSOCIATES: Records $20M Net Charges for Ongoing Disputes

Hewitt Associates, Inc., during the year ending Sept. 30, 2008, recorded net charges of about US$20 million related to ongoing disputes and settlements.

Lincolnshire, Ill.-based Hewitt Associates, Inc. provides human resource benefits, outsourcing and consulting services, with about 23,000 employees based…

TARGA RESOURCES: Appeal in Versado Case Ongoing in Supreme Court

Targa Resources, Inc. says that an appeal filed by Versado Gas Processors, LLC, and Dynegy Midstream Services, Limited Partnership is pending before the Supreme Court of Texas.

In May 2002, Apache Corporation filed suit in Texas state court against Versado Gas…

HEWITT ASSOCIATES: In Dispute with Philips on Actuarial Services

Hewitt Associates, Inc. is in dispute with Philips Electronics UK Limited (Philips) over a claim that the Company failed to properly value certain benefits in connection with actuarial services provided from 1995 to 2000.

On Aug. 1, 2008, Philips and Philips…

TARGA RESOURCES: WTG Gas Processing Case Appeal Pending in Texas

An appeal filed by WTG Gas Processing in a lawsuit filed against Targa Resources, Inc., certain of its subsidiaries, and other parties, is ongoing.

On Dec. 8, 2005, WTG filed suit in the 333rd District Court of Harris County, Tex., against…

PINNACLE FOODS: R2 Top Hat Case Settled in April for $10 Million

Pinnacle Foods Finance LLC settled its litigation with R2 Top Hat, Ltd. on April 17, 2008 for US$10.0 million in full payment of the excess leverage fees related to the Aurora prepetition bank facility, all related interest and all other…

OLD DOMINION: Awaits Hearing on Norfolk Southern Surcharges Suit

Old Dominion Electric Cooperative and Virginia Electric and Power Company are awaiting the hearing schedule for a lawsuit for unauthorized fuel surcharges improperly collected by Norfolk Southern Railway Company.

On July 30, 2008, the Company, along with Virginia Power, filed suit…

OLD DOMINION: Expects to Close NOVEC Settlement by December 31

Old Dominion Electric Cooperative disclosed in its Form 10-Q filed with the U.S. Securities and Exchange Commission on Nov. 12, 2008, that it expects its separation agreement for wholesale power supply with Northern Virginia Electric Cooperative (NOVEC) to close on…

DYNCORP INT’L: Could Face Contract Breach Litigation in Nigeria

DynCorp International Inc. may face possible litigation over the termination of contracts involving the construction of the Akwa Ibom International Airport in Nigeria.

During the first fiscal quarter, the Company terminated for cause a contract to build the Airport for the…

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