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…

ORACLE CORP: Faces Another Derivative Suit Over Overcharges

Oracle Corporation is facing another stockholder derivative lawsuit relating to the allegations that the Company overcharged the United States Government by failing to provide discounts, according to the Company’s September 23, 2011, Form 10-Q filing with the U.S. Securities and…

AMGEN INC: Awaits Decision on Plea to Dismiss “Louisiana” Suit

Amgen Inc. is awaiting a court decision on its and other defendants’ motion to dismiss the lawsuit State of Louisiana v. Abbott Laboratories, Inc., et al., according to the Company’s August 8, 2011, Form 10-Q filing with the U.S. Securities…

AMGEN INC: Appeal From Dismissal of “Birch” Suit Remains Pending

An appeal from the dismissal of a stockholder derivative lawsuit captioned Birch v. Sharer, et al., remains pending, Amgen Inc. disclosed in its August 8, 2011, Form 10-Q filing with the U.S. Securities and Exchange Commission for the quarter ended…

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…

COSTCO WHOLESALE: Seeks Court Nod for Derivative Suit Settlement

Three shareholder derivative lawsuits have been filed, ostensibly on behalf of the Company, against certain of its current and former officers and directors, relating to the Company’s stock option grants.

One suit, Sandra Donnelly v. James Sinegal, et al., Case No.…

ST JUDE: Cooperating with US FDA to Resolve Epicor Concerns

St. Jude Medical, Inc. disclosed in its latest quarterly report on

Form 10-Q filed with the U.S. Securities and Exchange Commission

that the Company is working cooperatively with the U.S. Food and

Drug Administration (FDA) to resolve Epicor LP Cardiac Ablation

System and the…

MICRON TECHNOLOGY: Faces DRAM Price-Fixing Complaint in Calif.

Micron Technology, Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that on September 24, 2010, Oracle America Inc. successor to Sun Microsystems filed suit against us in U.S. District Court…

MICRON TECHNOLOGY: RDRAM Antitrust Trial May Start February

Micron Technology, Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that the Superior Court of the State of California (San Francisco County) indicates it is targeting either a February or…

PARKER HANNIFIN: Facing Douglas Farrow Suit in California

Parker Hannifin Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that the company is facing False Claims Act lawsuit entitled, The United States of America ex rel. Douglas Farrow v.…

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