The appellate court, on Aug. 21, 2008, reversed the trial court’s judgment and entered judgment in favor of Sears Holdings Corp. on all counts in the suit captioned AIG Annuity Insurance Company, et al. v. Sears, Roebuck and Co.
The…
The investigations of the U.S. Securities and Exchange Commission and the U.S. Attorney for the Eastern District of Michigan continue on Kmart Holding Corp. are ongoing.
The investigations focus on the recorded vendor allowances and the disclosure of certain events…
Navistar International Corporation continues to pursue its February 2008 re-filed contract breach lawsuit against Ford Motor Company since the parties were unable to resolve the dispute through mediation.
In January 2007, a complaint was filed against the Company in Oakland…
AMCORE Financial, Inc.’s remaining contingent liability is US$338,000 in relation with the initial public offering of VISA, Inc.
During fourth quarter 2007, as a member of the VISA, Inc. organization, the Company accrued a US$653,000 liability for its proportionate share of…
A status hearing is set for Nov. 5, 2008, on the consolidated derivative action filed in the Circuit Court of Cook County, Ill., by purported stockholders of Sara Lee Corporation.
Two separate individual and derivative actions were originally filed by…
Disputes regarding American Bakers Association (ABA) Retirement Plan, where Sara Lee Corporation is a participating employer, are ongoing.
In 1979, the Pension Benefit Guaranty Corporation (PBGC) determined that the ABA plan was an aggregate of single-employer pension plans, rather than a…
Countrywide Financial Corporation remains subject to proceedings filed by certain state and local government officials stemming from alleged violations of state consumer protection laws.
These proceedings against the Company include lawsuits brought by the state attorneys general of California, Connecticut,…
Cardinal Health Inc. continues cooperating with the state attorney general offices of Illinois and New York regarding their investigations into a program on repackaged pharmaceuticals.
In October 2005, the Company received a subpoena from the Attorney General’s Office of the State…
DeVry Inc. continues to offer its full cooperation to the government in carrying out its inquiry over possible violations of the False Claims Act.
In May 2008, the U.S. Department of Justice, Civil Division, working with the U.S. Attorney for…
Valeant Pharmaceuticals International, in its Form 10-Q dated Aug. 11, 2008, disclosed that it expects to be dismissed with prejudice from Kathleen M. O’Connor’s product liability lawsuit on Permax soon.
On Feb. 8, 2007, the Company was served with the…