SMITH & NEPHEW: Complying with Agreements on Business Practices

Smith & Nephew plc complies with agreements entered into with the U.S. Attorney’s Office in Newark, N.J., and the Office of the Inspector General (OIG) of the U.S. Department of Health and Human Services over the Company’s business practices.

In March…

MEDCO HEALTH: IMS Health’s Contract Breach Action Still Ongoing

IMS Health Incorporated’s contract breach lawsuit filed against Medco Health Solutions, Inc. is still ongoing.

In December 2007, IMS Health filed a demand for arbitration against the Company. In this action, IMS Health Incorporated is alleging that the Company violated the…

FOSTER WHEELER: Boiler Tube Corrosion Action Resolved on 4Q-2008

Foster Wheeler AG, during the fourth fiscal quarter of 2008, entered into a settlement with a client over material corrosion that occurred at two power plants the Company designed and built in Ireland.

In 2006, a dispute arose with the client…

MEDCO HEALTH: Involved in 3 Qui Tam Lawsuits in N.J., Pa. Courts

Medco Health Solutions, Inc. continues to be involved in three qui tam matters pending in various U.S. Courts.

The first action is filed in the Eastern District of Pennsylvania and it appears to allege that the Company billed government payors using…

FOSTER WHEELER: Liability Award on Power Plants Received in Oct.

Foster Wheeler AG says that, in October 2008, a liability award (over final payment for services in connection with two power plants in Eastern Europe) by an arbitration panel in the Company’s favor was received.

The award includes amounts that are…

FOSTER WHEELER: CCERA’s Action to Void Contracts Ongoing in N.J.

A lawsuit seeking to void certain contracts and filed by Foster Wheeler AG’s project subsidiary, Camden County Energy Recovery Associates, LP (CCERA) against the Pollution Control Finance Authority of Camden County (PCFA) and other parties is ongoing in New Jersey.

CCERA…

ARTHUR J. GALLAGHER: Faces Ex-CFO’s Claims over Contract Breach

Arthur J. Gallagher & Co. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that the U.S. District Court for the District of New Jersey has set a hearing on an appeal…

MICROS SYSTEMS: Awaits Trial Date for Heartland Payment Suit

The U.S. District Court for the District of New Jersey has yet to schedule a trial date for the case styled Heartland Payment Systems, Inc. v. MICROS Systems, Inc., et al., Micros Systems, Inc. disclosed in its latest quarterly report…

TOYS R US: N.J. Ruling on Amazon.com Lawsuit Still on Appeal

Toys R Us Inc. disclosed in its latest Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission that the ruling by the Superior Court of New Jersey, Chancery Division, Passaic County in the lawsuit filed by…

CENTENNIAL COMMS: Arbitration on Dominicana, ITI Ongoing in Fla.

A matter concerning Centennial Communications Corp.’s previously sold Dominican Republic subsidiary, Centennial Dominicana, and International Telcom, Inc. (ITI) is subject to arbitration in Miami.

A decision of the arbitration panel is expected shortly.

In 2001, Centennial Dominicana commenced litigation against ITI to…

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