CISCO SYSTEMS: Defends Derivative Suits in California

Cisco Systems, Inc., continues to defend shareholder derivative lawsuits pending in California, according to the Company’s September 14, 2011, Form 10-K filing with the U.S. Securities and Exchange Commission for the year ended July 30, 2011.

Beginning in April 2011, purported…

CISCO SYSTEMS: Import Tax Claims vs Brazilian Unit Ongoing

Cisco Systems, Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that its Brazilian subsidiary are facing claims from Brazilian tax authorities based on a theory of joint liability with the…

CISCO SYSTEMS: Facing Suits for False Statements in Earning Calls

Cisco Systems, Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that beginning in April 2011, purported shareholder derivative lawsuits were filed in both the U.S. District Court for the Northern…

CISCO SYSTEMS: Brazilian Tax Evasion Probe Ongoing

Cisco Systems, Inc. disclosed in its latest Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission that an investigation by Brazilian authorities on certain employees of the Company’s Brazilian subsidiary and certain employees of a Brazilian…