IDT Corporation has yet to file its response to the Federal Communications Commission’s Notice of Apparent Liability (NAL).
On July 10, 2008, the FCC released a NAL of US$1.3 million related to one of the Company’s international telecommunications service agreements.
The…
Marvell Technology Group Inc. awaits the final approval of the tentative settlement entered by the parties in two consolidated shareholder derivative actions in the U.S. District Court for the Northern District of California.
On March 5, 2008, the parties entered into…
UTi Worldwide Inc. remains in dispute with the South African Revenue Service over its claim that the Company is liable for employee taxes in respect of the “owner drivers” for the collection and delivery of cargo.
The Company has strongly…
UTi Worldwide Inc. continues to be involved in a litigation with the former ultimate owner of Per Transport SpA and related entities, in connection with its April 1998 acquisition of Per Transport SpA and its subsequent termination of the employment…
UTi Worldwide Inc. and its insurers continue working with an art expert to determine whether any damages have occurred as a result of a malfunctioning climate-control unit in June 2007.
Through several of its European indirect subsidiaries, the Company is engaged…
The Canadian Competition Bureau continues to investigate Uti Worldwide Inc. alleged anti-competitive activities in Canada.
On Oct. 10, 2007, the Company received a notice from the Canadian Competition Bureau that the Bureau has commenced an investigation with respect to alleged anti-competitive…
Marvell Technology Group Inc. accrued a US$10 million civil penalty in the first quarter of fiscal 2009 relating to the U.S. Securities and Exchange Commission’s formal investigation on the Company’s historical stock option granting practices.
The Company paid the penalty…
UTi Worldwide Inc., in its Form 10-Q dated Sept. 9, 2008, disclosed that it expects to provide further responses in the future as it gathers additional information responsive to the European Commission’s request.
In June 2008, one of the Company’s subsidiaries…
The lawsuit filed by Jasmine Networks Inc. against Marvell Technology Group Inc. and several of its officers in the Santa Clara County Superior Court is ongoing.
In the suit, filed on Sept. 12, 2001, Jasmine Networks alleges claims against the…
Marvell Technology Group Ltd., as a nominal defendant, continues to face a shareholder’s complaint in the District Court for the Western District of Washington.
On Oct. 9, 2007, a purported Marvell shareholder filed a complaint for violation of Section 16(b) of…