GENERAL MOTORS: SEC Probe on Financial Statements Still Ongoing

General Motors Corporation will continue to cooperate with the U.S. Securities and Exchange Commission’s investigation on the Company, according to its latest Quarterly Report filed with the SEC on Aug. 7, 2008.

The SEC has issued subpoenas and information requests to…

ENERGY CONVERSION: Battery Supply Fraud Suit Resolved Last June

The lawsuit filed by International Acquisitions Services, Inc., Innovative Transportation Systems AG, and Neville Chamberlain against Energy Conversion Devices, Inc. was resolved in June 2008 with a payment of US$925,000 made to IAS.

The action, filed in Nassau County, New York…