Various shareholder derivative actions have been filed against certain present and former officers and directors of Ambac Financial Group, Inc. and the Company, as a nominal defendant.
The suits, which are brought purportedly on behalf of the Company, are in many…
The Hain Celestial Group Inc. is cooperating with the U.S. Securities and Exchange Commission’s investigation into its stock option practices.
On June 15, 2007, the Company announced that it had been informed by the SEC that it was conducting an…
Ambac Financial Group, Inc. continues to cooperate with the probes of the Securities Division of the Office of the Secretary of the Commonwealth of Massachusetts and the Office of the Attorney General, State of Connecticut.
The Company has received various regulatory…
Marsh & McLennan Companies, Inc. still faces claims and lawsuits over alleged errors and omissions in connection with the performance of professional services.
Some of these claims seek damages, including punitive damages, in amounts that could, if awarded, be significant.
The Company…
Ambac Financial Group, Inc. is a defendant in a lawsuit filed by the City of New Orleans in connection with its participation in a New Orleans bond issue.
New Orleans issued variable rate demand bonds (VRDBs), which were insured by Company…
A conference has been scheduled on Oct. 22, 2008, for the consolidated shareholder derivative action filed against The Hain Celestial Group Inc. in the Supreme Court of the State of New York, County of Suffolk.
On Sept. 21, 2006, a purported…
Discovery in a matter involving Marsh & McLennan Companies, Inc.’s subsidiary, Mercer (US) Inc., is underway in Alaska.
In December 2007, the Alaska Retirement Management Board filed a civil lawsuit against Mercer for alleged professional negligence in actuarial services that…
Bunge Limited has reserved US$240 million as of June 30, 2008, for liabilities related to pending tax claims by Brazilian federal, state and local tax authorities.
The Brazilian tax claims relate to income tax claims, value added tax claims and…
The U.S. Securities and Exchange Commission and the U.S. Attorney’s Office for the Southern District of New York’s investigations regarding Affiliated Computer Services Inc.’s stock option grants remains ongoing.
On March 3, 2006, the Company received notice from the SEC that…
Bunge Limited reserved US$135 million as of June 30, 2008, in respect of a number of labor claims from its Brazilian subsidiaries.
The labor claims primarily relate to dismissals, severance, health and safety, salary adjustments and supplementary retirement benefits. (Lloyds Corporate…