TELEFONICA DE ARGENTINA: Has ARS391M Legal Reserves at Dec. 31

Telefonica de Argentina SA disclosed in its annual report on Form 20-F filed with the U.S. Securities and Exchange Commission that as of Dec. 31, 2008, the Company’s total amount recorded as reserves for legal contingencies is ARS391 million.

The Company…

TELEFONICA DE ARGENTINA: Has ARS182MM Reserves for Labor Issues

Telefonica de Argentina SA disclosed in its annual report on Form 20-F filed with the U.S. Securities and Exchange Commission that the reserve for contingencies related to labor issues amounted to ARS182 million and ARS161 million as of Dec. 31,…

TELEFONICA DE ARGENTINA: Faces ARS20MM in Claims as of Dec. 31

Telefonica de Argentina SA disclosed in its annual report on Form 20-F filed with the U.S. Securities and Exchange Commission that as of Dec. 31, 2008, the claims filed against the Company including accrued interest and expenses totaled approximately ARS20…

TELEFONICA DE ARGENTINA: Consumidores Libres’ Appeal Pending

Telefonica de Argentina SA disclosed in its annual report on Form 20-F filed with the U.S. Securities and Exchange Commission that the appeal filed by Consumidores Libres over a court decision terminating proceedings against the Company and Telecom S.A., Telintar…

BJ SERVICES: Still in Talks with DOJ, SEC to Resolve FCPA Issues

BJ Services Co. continues to be in discussions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission over potential penalties for entering into a prior consent decree regarding the U.S. Foreign Corrupt Practices Act.

The Company entered…

VALEANT PHARMA: Antitrust Complaint v. Ex-Argentine Unit Pending

Valeant Pharmaceuticals International’s former subsidiary in Argentina continues to be subject to a proceeding filed by the Argentine Antitrust Agency.

The Company was formerly known as ICN Pharmaceuticals Inc.

In July 2004, the Company was advised that the Argentine Antitrust Agency…