139 articles for

January 2009

APOLLO GROUP: Fiscal Years 2003

Apollo Group, Inc.’s taxable years 2003 2005 are the subject of an Internal Revenue Service Audit, in connection with which the Company has agreed to extend the statute of limitations.

An IRS audit relating to the Company’s U.S. federal income tax…

APOLLO GROUP: Awaits Ruling on Ariz. School’s Certification Bid

Apollo Group, Inc. is awaiting the Department of Education’s decision on University of Phoenix’s recertification application for student aid.

All U.S. federal financial aid programs are established by the Higher Education Act and regulations promulgated thereunder. The Higher Education Act was…

SHAW GROUP: Del. Court’s Ruling in SAB Case Reversed on Dec. 30

The U.S. Court of Appeals for the Third Circuit, on Dec. 30, 2008, reversed the U.S. District Court for the District of Delaware’s ruling, which rendered a judgment against The Shaw Group Inc. and in favor of Saudi American Bank…

SHAW GROUP: IRS Appeal on Tax Return for Years 2002-2003 Pending

The Shaw Group Inc.’s appeal on the Internal Revenue Service’s tax returns for the 2002 and 2003 fiscal years is pending.

In connection with the regular examination of the Company’s U.S. Federal tax return by the IRS for the 2002 and…

CONAGRA FOODS: Faces Cases Over Recall of Peanut Butter Products

ConAgra Foods, Inc. is party to lawsuits and claims arising out of the operation of its business, including lawsuits and claims related to the February 2007 recall of the Company’s peanut butter products.

On June 28, 2007, officials from the Food…

LEE ENTERPRISES: Calif. Newspaper Carriers Suit in Early Stages

A lawsuit filed in 2008 against Lee Enterprises, Incorporated by a group of California newspaper carriers is in the earliest of phases, according to the Company’s annual report filed with the Securities and Exchange Commission on Dec. 31, 2008.

The carriers…

GREAT ATLANTIC: Still Disputing CPS Lease Contract Termination

The Great Atlantic & Pacific Tea Company, Inc. is still disputing the validity of the notice of termination filed by the CPS Operating Company LLC for a leasehold assignment contract.

On Aug. 14, 2007, Pathmark Stores, Inc. entered into a leasehold…

RITE AID: Works With Gov’t. To Resolve Civil Violation Complaint

Rite Aid Corporation continues discussions with the U.S. Department of Justice, representing the Drug Enforcement Administration, to resolve a matter over certain alleged civil violations of the recordkeeping and reporting requirements of the Controlled Substances Act.

The Company has reached an…

APOLLO GROUP: Barnett Derivative Action Ongoing in Arizona Court

Apollo Group, Inc. says that a shareholder derivative action filed by one of its shareholders, Larry Barnett, is ongoing in the Superior Court for the State of Arizona, Maricopa County.

On April 24, 2006, Mr. Barnett filed the shareholder derivative complaint…

FAMILY DOLLAR: Accrues $51.1M for FLSA Litigation at November 29

Family Dollar Stores, Inc., as of Nov. 29, 2008, had accrued liabilities of about US$51.1 million with respect to a Fair Labor Standards Act (FLSA) litigation, including US$45 million recognized as a litigation charge in the second quarter of fiscal…

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