A derivative lawsuit filed by two plaintiffs against certain of Pall Corporation’s former officers and directors has been ongoing since Sept. 19, 2008 in New York Supreme Court, Nassau County.
On Oct. 5, 2007, these plaintiffs filed identical derivative lawsuits in…
Brocade Communications Systems, Inc., since April 15, 2008, has been facing a derivative action filed in the U.S. District Court for the Northern District of California.
The complaint alleged that certain of the Company’s officers and directors breached their fiduciary duties…
Canwest Media Inc. is currently awaiting the arbitrator’s decision over a matter concerning Hollinger International Inc., Hollinger Inc. and certain related parties (collectively “Hollinger”).
The Company has requested arbitration related to CDN84 million owed by Hollinger related to certain unresolved adjustments…
Citigroup Inc. disclosed in its latest Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission that on Sept. 29, 2008, it had reached an agreement-in-principle to acquire all of the banking subsidiaries of Wachovia Corp. in…
Cliffs Natural Resources, Inc. disclosed in its latest Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission that the Ontario Superior Court of Justice has yet to rule on an action brought by Dofasco.
The Company has been…
Vail Resorts, Inc.’s litigation against Talisker Corporation and Talisker Canyons Finance Company, LLC (together “Talisker”) and Peninsula Advisors, LLC over the Canyons Ski Resort is ongoing.
During the fourth quarter of the fiscal year ended July 31, 2007, the Company entered…
Raymond James Financial, Inc.’s primary broker dealers (Raymond James & Associates, Inc. and Raymond James Financial Services, Inc.) are still subject to probes in connection with auction rates securities.
These probes are being conducted by the Securities and Exchange Commission, the…
The Division of Enforcement of the Securities and Exchange Commission and the U.S. Attorney for the District of New Jersey’s probes on The Children’s Place Retail Stores, Inc.’s stock option granting practices are ongoing.
On Sept. 29, 2006, the SEC informed…
The Children’s Place Retail Stores, Inc. estimates the amount of tax changes to be about US$5 million to US$8 million, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Dec. 9, 2008.
The Company is subject…
Citigroup Inc. reached a settlement on Aug. 7, 2008, with the New York Attorney General, the Securities and Exchange Commission, and other state regulatory agencies, pursuant to which the Company agreed to offer to purchase at par ARS that are…