99 articles for

May 2009

STRYKER CORP: Cooperating on Compliance Issues in OP-1 Sites

Stryker Corp. disclosed in its latest quarterly report on Form 10- Q filed with the U.S. Securities and Exchange Commission that the Company is cooperating with the U.S. Food and Drugs Administration regarding the quality systems and compliance issues at…

STRYKER CORP: SEC’s Probe on FCPA Violations Still Ongoing

Stryker Corp. disclosed in its latest quarterly report on Form 10- Q filed with the U.S. Securities and Exchange Commission that an informal inquiry over possible violations of the Foreign Corrupt Practices Act in connection with the sale of medical…

AMERIPRISE INT’L: Client Arbitration Request Presented in April

Ameriprise International, Inc. says that a large client, in April 2009, presented a formal Request for Arbitration.

Relevant to market conditions since the latter part of 2007, the client claimed breach of certain contractual investment guidelines.

The Company is continuing to evaluate…

PINNACLE WEST: Awaits Ruling on Appeal to FERC’s Refund Order

Pinnacle West Capital Corporation disclosed in its latest quarterly report on Form 10-Q filed on May 5, 2009, with the U.S. Securities and Exchange Commission that the U.S. Federal Energy Regulatory Commission has not yet determined whether any refunds will…

HEALTHSOUTH CORP: Still Involved in Litigation w/ Ernst & Young

HealthSouth Corporation continues to be involved in litigation with its former independent auditor, Ernst & Young.

In March 2003, claims on behalf of the Company were brought in the Tucker derivative litigation against Ernst & Young, alleging that from 1996 through…

HEALTHSOUTH CORP: United HealthCare’s Arbitration Filed March 19

United HealthCare Services, Inc. and certain affiliates (United), on March 19, 2009, filed an initial arbitration demand with the American Arbitration Association against the Company relating to disputes over therapy service claims paid from 1997 through 2003.

United alleges that during…

WESCO INT’L: Suit Over Defective Products Still Pending in Ind.

WESCO International, Inc. is still a co-defendant in a lawsuit filed in a state court in Indiana in which a customer alleges that the Company sold defective products manufactured or remanufactured by others.

The customer seeks monetary damages in the amount…

AMERIPRISE INT’L: SEC Mulls Filing Case on Revenue Sharing Sales

The U.S. Securities and Exchange Commission staff notified Ameriprise Financial, Inc. that it is considering recommending that the SEC bring a civil action against the Company related to revenue sharing matters.

For several years, the Company has been cooperating with the…

MERCK & CO: Plaintiffs in BrownGreer Suit Agree on Settlement

Merck & Co. Inc. disclosed in its latest Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission that the plaintiffs in a suit filed against BrownGreer, the claims administrator for the company’s Settlement Program (the “Claims…

SYSCO CORP: Disputes IRS Proposed Adjustments on BSSC Taxability

Sysco Corp. disclosed in its latest quarterly report on Form 10-Q filed on May 5, 2009, with the U.S. Securities and Exchange Commission that it continues to contest the Internal Revenue Service’s proposed adjustments on the taxability of the Company’s…

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