IDT Corporation and Alfred West, a former employee of the Company, on July 11, 2008 entered into a settlement agreement, under which Mr. West was paid an amount less than the US$10.5 million award.
On April 18, 2008, a federal jury…
IDT Corporation’s request for reargument of its appeal in a lawsuit involving IDT Corporation, Tyco Group, S.A.R.L., Tyco Telecommunications (US) Inc. (f/k/a TyCom (US) Inc.), Tyco International, Ltd., Tyco International (US) Inc., and TyCom Ltd., remains pending.
On May 5,…
IDT Corporation, in its Form 10-K dated Oct. 14, 2008, disclosed that the Company is subject to audits by different European taxing authorities, including audits relating to value added tax that it has not collected for calling cards sold to…
IDT Corporation continues to be in litigation with D. Michael Jewett, a former employee whose employment the Company terminated less than seven months after he was first hired.
On March 29, 2004, Mr. Jewett filed a complaint against the Company…
IDT Corporation has yet to file its response to the Federal Communications Commission’s Notice of Apparent Liability (NAL).
On July 10, 2008, the FCC released a NAL of US$1.3 million related to one of the Company’s international telecommunications service agreements.
The…
IDT Corporation continues to pursue its complaint against non- settling prepaid calling card companies in the U.S. District Court for the District of New Jersey. The parties are engaged in discovery.
On March 8, 2007, IDT Telecom, Inc. and the Company’s…