BGC Partners Inc. continues to cooperate with the U.S. Securities and Exchange Commission in its investigation on trading by certain inter-dealer brokers in the government and fixed income securities markets.
On Feb. 15, 2006, the SEC issued the formal order of…
The motion to dismiss the International Brotherhood of Electrical Workers’ shareholder derivative complaint against certain officers and directors of Biomet Inc. was granted on June 10, 2008, without leave to amend due to plaintiff’s lack of standing.
On Dec. 11,…
BGC Partners Inc.’s subsidiaries, BGCI and BGC Capital Markets (Japan) LLC, continue to investigate the legal and factual basis of National Australia Bank Ltd.’s allegations relating to revaluation rates made by the subsidiaries.
In September 2005, the National Australia Bank Ltd.…
The lawsuit filed by International Acquisitions Services, Inc., Innovative Transportation Systems AG, and Neville Chamberlain against Energy Conversion Devices, Inc. was resolved in June 2008 with a payment of US$925,000 made to IAS.
The action, filed in Nassau County, New York…
The Phoenix Companies, Inc. mulls that regulatory agencies may pursue enforcement actions against the Company primarily by the U.S. Securities and Exchange Commission and the New York Attorney General’s Office.
Over the past several years, a number of companies have announced…
The Phoenix Companies, Inc. continues to cooperate with the New York State Insurance Department in its routine quinquennial financial and market conduct exam of the Company’s subsidiary Phoenix Life Insurance Co. and its New York domiciled life insurance subsidiary for…
Countrywide Financial Corporation intends to ask the U.S. District Court for the Southern District of New York to dismiss the shareholder derivative action filed ostensibly on behalf of the Federal Home Loan Mortgage Corp. on various grounds.
The Company has…
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…
Countrywide Financial Corporation continues to be a named defendant in a case filed in the Delaware Court of Chancery by the Bank of New York Mellon in its capacity as indenture trustee.
The Bank sued the Company with respect to certain…