MERCK & CO: Pursuing Remedies to Avoid CRA’s $160M Penalty

Merck & Co., Inc. disclosed in its latest Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission that it is pursuing all appropriate remedies to avoid having the penalty assessed by the Canada Revenue Agency.

Merck’s Canadian…

MERCK & CO: Engaged in Disputes with Insurers over Vioxx Claims

Merck & Co., Inc. disclosed in its latest Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission that it continues to have disputes with the insurers about the availability of some or all of the insurance…

HOVNANIAN ENTERPRISES: GMAC Model Home Matter Settled on Sept. 4

Hovnanian Enterprise, Inc. says that parties in a case involving GMAC Model Home Finance, LLC, on Sept. 4, 2008, entered into a settlement and release agreement resolving all disputes under a purchasing agreement.

On April 4, 2008, K. Hovnanian Enterprises, Inc.,…

MERCK & CO: Faces 700 Product Liability Cases Over Fosamax Drug

Merck & Co., Inc., as of Sept. 30, 2008, faced about 700 cases, which include 1,143 plaintiff groups, that had been filed and were pending against Merck in either federal or state court, including two cases which seek class action…

CHILDREN’S PLACE: Still Involved in Nasdaq’s Compliance Matters

The Children’s Place Retail Stores, Inc. continues to be involved in compliance matters concerning the Nasdaq Global Select Market.

As the Company did not timely file its Quarterly Reports on Form 10-Q for the quarters ended July 29, 2006 and Oct.…

CHILDREN’S PLACE: Settlement of Derivative Case OK’d on July 21

The Children’s Place Retail Stores, Inc. says that the settlement of a stockholder derivative action filed against certain current members of its Board and certain current and former senior executives was approved on July 21, 2008.

On Jan. 17, 2007, the…

CHILDREN’S PLACE: Estimates Tax Changes of About $5Mil to $8Mil

The Children’s Place Retail Stores, Inc. estimates the amount of tax changes to be about US$5 million to US$8 million, according to the Company’s quarterly report filed with the Securities and Exchange Commission on Dec. 9, 2008.

The Company is subject…

CHILDREN’S PLACE: SEC, USAO Stock Option Granting Probes Ongoing

The Division of Enforcement of the Securities and Exchange Commission and the U.S. Attorney for the District of New Jersey’s probes on The Children’s Place Retail Stores, Inc.’s stock option granting practices are ongoing.

On Sept. 29, 2006, the SEC informed…

SUBURBAN PROPANE: Product Suit Settled for $30M in 1Q-Fiscal ‘09

Suburban Propane Partners, L.P., during the first quarter of fiscal 2009, agreed to settle a litigation involving alleged product liability for about US$30 million, according to the Company’s annual report for the fiscal year ended Sept. 27, 2008.

This settlement will…

SUBURBAN PROPANE: Has $38.8Mil Self-Insurance Asset at Sept. 27

For the portion of its estimated self-insurance liability that exceeds its deductibles, Suburban Propane Partners, L.P. Recorded a corresponding asset related to the amount of the liability covered by insurance (which was about US$38.8 million at Sept. 27, 2008).

The Company’s…

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