139 articles for

January 2009

TENNESSEE VALLEY: Proceedings on Bellefonte Plant Still Ongoing

Tennessee Valley Authority says that administrative proceedings over its Bellefonte Nuclear Plant Units 3 and 4 are still ongoing, according to the Company’s annual report filed with the Securities and Exchange Commission for the fiscal year ended Sept. 30, 2008.

The…

DOLLARAMA GROUP: Still Facing Calvo’s Injury Lawsuit in Ontario

Dollarama Group Holdings L.P. continues to face the lawsuit styled Guiseppa Calvo v. S. Rossy Inc. in the Ontario Superior Court of Justice.

The action against the Company for alleged personal injuries sustained by Ms. Calvo in one of the Company’s…

TENNESSEE VALLEY: Continues to be Involved in Employment Actions

Tennessee Valley Authority is still engaged in various administrative and legal proceedings arising from employment disputes, according to the Company’s annual report for the fiscal year ended Sept. 30, 2008.

These matters are governed by federal law and involve issues typical…

TENNESSEE VALLEY: Accrues $46M for Legal Proceedings at Sept. 30

Tennessee Valley Authority had accrued about US$46 million with respect to legal proceedings as of Sept. 30, 2008, compared with US$3 million as of Sept. 30, 2007.

The Company also accrued US$5 million with respect to other proceedings that have arisen…

ABM INDUSTRIES: Oral Agreements in IAH-JFK Dispute Heard in July

ABM Industries Incorporated says that oral arguments in a dispute concerning IAH-JFK Airport Parking Co., LLC were heard in July 2008, according to the Company’s annual report filed with the Securities and Exchange Commission on Dec. 22, 2008.

In August 2005,…

ABM INDUSTRIES: Third-Party Claim Settled for $9.8M in Nov. 2008

ABM Industries Incorporated and its former third party administrator, in November 2008, settled a claim for US$9.8 million, in which this benefit is expected to be recorded in the first half of fiscal 2009 upon receipt of the settlement.

The Company…

GRANITE CONSTRUCTION: I-494 Project Dispute Resolved in Aug. ‘08

Granite Construction Incorporated disclosed in its latest Quarterly Report filed with the U.S. Securities and Exchange Commission that on Aug. 28, 2008, it has resolved the matter regarding its I-494 Project.

The Minnesota Department of Transportation’s (MnDOT) has initially identified certain…

ADC TELECOM: Records $10.8M Litigation Loss Reserves at Oct. 31

ADC Telecommunications, Inc., as of Oct. 31, 2008, had recorded about US$10.8 million in loss reserves for certain legal matters, according to the Company’s annual report filed with the Securities and Exchange Commission on Dec. 22, 2008.

The Company is a…

SPX CORPORATION: Italian Unit Pays EUR1.2Mln for Bribery Claims

SPX Corp.’s Italian subsidiary, SPX Cooling Technologies Italia S.p.A., in October 2008, made EUR1.2 million in payment in line with the remaining allegations for acts of bribery, according to its latest Quarterly Report on Form 10-Q filed with the U.S.…

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