ACTIVISION BLIZZARD: Calif. Derivative Cases Settled on July 28

A stipulation of dismissal of consolidated derivative actions involving Activision Blizzard, Inc. was filed in the Los Angeles Superior Court and signed by such court on July 28, 2008.

In July 2006, individuals and entities claiming to be the Company’s…

ROWAN COMPANIES: To Defend Rights v. Signal Int’l. Over Rig Deal

Rowan Companies, Inc. intends to defend and prosecute its rights under the contract relating to the construction of the Company’s fourth Tarzan Class jack-up rig, the J. P. Bussell, which was originally subcontracted to Signal International LLC.

The rig was scheduled…

EVEREST RE: Del. & Ga. State Regulators’ Probes on Units Ongoing

Everest Re Group, Ltd. is cooperating with the state regulators from Delaware and Georgia in their investigations into the Company’s insurance subsidiaries.

No further details were disclosed regarding these investigations in the Company’s latest quarterly report filed with the U.S.…

PIONEER NATURAL: Dec. 2008 Trial Set for MOSH’s Suit Over Trust

Trial on the merits of the lawsuit filed by MOSH Holding, L.P. against Pioneer Natural Resources Co. and its principal U.S. subsidiary, Pioneer Natural Resources USA, Inc., is scheduled for December 2008.

The Judicial District Court of Harris County, Texas, on…

EVEREST RE: SEC Probe over Loss Mitigation Insurance Ongoing

Everest Re Group, Ltd. continues to cooperate with the U.S. Securities and Exchange Commission in its investigation regarding Everest Reinsurance Holdings, Inc.’s loss mitigation insurance products.

In May 2005, the Company’s subsidiary, Holdings, received and responded to a subpoena from…

EVEREST RE: Mulls $174M Total Cost Annuities Replacement in 2Q08

Everest Re Group, Ltd. estimates that at June 30, 2008, the total cost to replace all annuities for which it was contingently liable in its business arrangement with The Prudential Insurance Company of America was US$174 million.

In 1993 and prior,…

PUBLIC STORAGE: Shareholders’ Appeal on Junked Complaint Pending

The appeal by the shareholder plaintiffs in the dismissed amended derivative complaint against certain Public Storage directors and officers is pending.

In November 2002, a shareholder of Public Storage made a demand on the Company’s Board challenging the fairness of…

PIONEER NATURAL: Settles Equatorial Guinea Dispute with ROC Oil

Pioneer Natural Resources Equatorial Guinea Limited, a wholly owned subsidiary of Pioneer Natural Resources, has agreed to settle the dispute with Roc Oil (Equatorial Guinea) Company, Atlas Petroleum International Limited and Osborne Resources Limited, according to Roc Oil Co Ltd’s…

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