174 articles for

November 2008

DUKE ENERGY: Consumers’ Antitrust Lawsuit in Ohio Court Pending

Duke Energy Corp. disclosed in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission that an antitrust suit filed by four plaintiffs, including individual, industrial and non-profit customers, is still pending in the Southern District…

THORNBURG MORTGAGE: Stipulation to Stay Derivative Suit Pending

The stipulation for an indefinite stay of the proceedings in the shareholder derivative complaint, entitled Donio v. Thornburg, et al., is pending.

The action was filed against certain of Thornburg Mortgage, Inc.’s officers and directors on Aug. 24, 2007 in the…

DYNCORP INT’L: Consolidated Plant Crops Lawsuit Ongoing in D.C.

A consolidated lawsuit filed against DynCorp International Inc.’s subsidiary, DynCorp International LLC, on the spraying of narcotic plant crops along the Colombian border adjacent to Ecuador, is ongoing in the U.S. District Court for the District of Columbia.

On April 24,…

MIRANT AMERICAS: Sandy Springs Tax Assessment Withdrawn in Aug.

The City of Sandy Springs, on Aug. 15, 2008, withdrew the business and occupation taxes assessment for 2006 for Mirant Energy Trading, LLC, a subsidiary of Mirant North America, LLC.

Sandy Springs subsequently adopted an ordinance capping the amount of Business…

FORTRESS INVESTMENT: Removed Last April 30 from Brookdale Action

The U.S. District Court for the Eastern District of New York, on April 30, 2008, entered a memorandum and order granting Fortress Investment Group LLC’s motion to be removed as a named defendant in the case captioned “David T. Atkins…

DR PEPPER: Still Declines DoL’s Bid to Audit Rest & Meal Periods

Dr Pepper Snapple Group, Inc. still declines the California Department of Labor’s request to conduct an audit of its meal and rest periods for all non-exempt employees in California.

At Nov. 13, 2008, the Company has declined to conduct such an…

DYNCORP INT’L: Reserves $20.5M for Pending Litigation at Oct. 3

DynCorp International Inc., as of Oct. 3, 2008, recorded a reserve of about US$20.5 million for pending litigation and claims.

The Company and its subsidiaries and affiliates are involved in various lawsuits and claims that have arisen in the normal course…

DYNCORP INT’L: Longest False Claims Action Dismissed on Sept. 26

The U.S. Department of Justice, on Sept. 26, 2008, entered an order of dismissal of a lawsuit involving DynCorp International Inc.’s subsidiary, DynCorp International LLC, and Gloria Longest, a former accounting manager for the Company.

On May 29, 2003, Ms. Longest…

MIRANT AMERICAS: Calif. Energy Refund Cases Remain Pending

Proceedings initiated by purchasers of electricity in California and western wholesale electricity markets seeking refunds for the high prices experienced in 2000 and 2001 remain pending against certain Mirant Corporation entities either before the Federal Energy Regulatory Commission or on…

XL CAPITAL: Henley Tag-along Suit v. Units Still Pending

XL Capital Ltd. disclosed in its latest quarterly report on Form 10-Q that as at Sept. 30, 2008, the Henley Lawsuit remained stayed.

On May 21, 2007, a tag-along complaint was filed in the U.S. District Court for the District of…

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