VITESSE SEMICONDUCTOR: New York State & SEC Probes Still Ongoing

Vitesse Semiconductor Corporation continues to cooperate with investigations instituted by office of the U.S. Attorney for the Southern District of New York and U.S. Securities and Exchange Commission’s Division of Enforcement.

In May 2006, the Company received a grand jury subpoena…

ACTIVISION BLIZZARD: SEC Probe on Stock Option Practices Ongoing

The U.S. Securities and Exchange Commission’s probe on Activision Blizzard, Inc.’s historical stock option grant practices is ongoing.

On July 24, 2006, the Company received a letter of informal inquiry from the SEC requesting certain documents and information.

In June 2007,…

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…

RESMED INC: Awaits Ruling on Appeal to Germany Tax Adjustments

ResMed Inc.’s appeal over the German tax authority office’s tax adjustments made on one of its German subsidiaries remains pending.

During September and October 2004, the Company began receiving tax assessment notices by the German tax authorities for the years…

PAPERWEIGHT DEVELOPMENT: Awaits Ruling on Antidumping Petitions

Paperweight Development Corp. expects the final determination on injury and duties in September or October 2008 regarding imports of low-priced products from China, Germany and Korea.

Prices for lightweight thermal papers have been adversely affected by increased imports of low-priced…

PROCTER & GAMBLE: In Talks w/ German Agencies on Antitrust Suit

The Procter & Gamble Company is in talks with the German authorities regarding the formal complaint received by certain of the Company’s German subsidiaries alleging violations of antitrust laws.

No further details were disclosed by the Company regarding the complaint…

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