Foster Wheeler AG says that, in October 2008, a liability award (over final payment for services in connection with two power plants in Eastern Europe) by an arbitration panel in the Company’s favor was received.
The award includes amounts that are…
Weatherford International Ltd.’s investigations over the embezzlement of about US$175,000 at a European subsidiary are ongoing.
With the assistance of outside counsel and in connection with U.S. government investigations and subpoenas, the Company is conducting the embezzlement investigations and the possible…
Medco Health Solutions, Inc. continues to be involved in three qui tam matters pending in various U.S. Courts.
The first action is filed in the Eastern District of Pennsylvania and it appears to allege that the Company billed government payors using…
Sunoco Logistics Partners L.P. continues to be involved in legal and administrative proceedings arising prior to the February 2002 IPO (initial public offering) pending against the Company’s Sunoco, Inc.-affiliated predecessors and the Company (as successor to certain liabilities of those…
Weatherford International, Ltd., during 2008, incurred US$47 million in legal and professional fees in connection with complying and conducting investigations.
During 2008, the Company incurred US$56 million for costs incurred in connection with its exit from sanctioned countries.
The U.S. Department of…
Reynolds American Inc. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that on Aug, 11, 2008, the U.S. District Court for the Northern District of Illinois granted the defendants’ motion to…
Foster Wheeler AG, during the fourth fiscal quarter of 2008, entered into a settlement with a client over material corrosion that occurred at two power plants the Company designed and built in Ireland.
In 2006, a dispute arose with the client…
Sunoco Logistics Partners L.P., in December 2008, entered into a Compliance Order with the Delaware County Regional Water Control Authority (DELCORA) on a matter relating to alleged non-compliance with monthly average arsenic limits.
In November 2007 and February 2008, the Company…
Weatherford International Ltd. is cooperating with the U.S. Department of Commerce, Bureau of Industry & Security and the U.S. Department of Justice’s investigations of alleged improper sales of products and services by the Company and its subsidiaries in sanctioned countries.
The…
IMS Health Incorporated’s contract breach lawsuit filed against Medco Health Solutions, Inc. is still ongoing.
In December 2007, IMS Health filed a demand for arbitration against the Company. In this action, IMS Health Incorporated is alleging that the Company violated the…