PAYCHEX INC: Has US$20.4 Mln in Litigation Reserves as of May 31

Paychex, Inc. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that its reserve for all pending litigation totaled US$20.4 million as of May 31, 2009, and is included in current liabilities…

PAYCHEX INC: Appeal on Rapid Payroll Case Pending in Calif.

Paychex, Inc. is pursuing an appeal on a verdict issued in the Brunskill Associates, Inc. v. Rapid Payroll, Inc. et al. with the California Superior Court, Los Angeles County, the company disclosed in its latest annual report on Form 10-K…

PAYCHEX INC: Pursuing Appeal over Damages Awarded to Licensee

Paychex, Inc. continues to pursue its appeal over the jury award in favor of a licensee in the suit against the Company, its wholly owned subsidiary, Rapid Payroll, Inc., its former Chief Executive Officer, and its Senior Vice President of…