TELECOM CORP: In Talks with APT Over TNZI’s Audiotext Business

Telecom Corporation of New Zealand Limited is engaging in settlement dialogue with Asia Pacific Telecommunications Limited in the proceedings it issued against the Company in relation to TNZI’s audiotext business in the late 1990s.

The parties are in the discovery phase.…

TELECOM CORP: Commission’s Bid in “0867 Package” Claims Pending

The Commerce Commission’s appeal in the ruling of the suit it filed against Telecom Corporation of New Zealand Limited in July 2000 relating to the introduction of the “0867 package,” is pending before the High Court of New Zealand.

The suit…

TELECOM CORP: Fixture in Vodafone’s Bid on TSO Set in Feb. 2009

The Court of Appeal has allocated a fixture relating to Vodafone New Zealand Limited’s appeal filed in April 2007 to the Commerce Commission’s 2003/2004 TSO Determination in February 2009.

Telecom Corporation of New Zealand Limited understands the key issue on appeal…

BJ SERVICES: Talks with Gov’t. to Review Committee Probe Ongoing

BJ Services Co. continues to engage in discussions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission as they review the special Audit Committee’s investigation.

In October 2004, the Company also received whistleblower allegations that illegal…

TELECOM CORP: Evaluating Charges in Fair Trade Act Breach Suit

Telecom Corporation of New Zealand Limited is working through the details of the specific charges of the Commerce Commission laid against the Company for alleged breaches of the Fair Trade Act in relation to a retail broadband advertising campaign that…

BJ SERVICES: Misappropriation Suit v. Asia Controller Ended July

BJ Services Co., in July 2008, reached a settlement of the litigation with its former Asia Pacific Region Controller to recover any additional misappropriated funds.

In October 2004, the Company received a report from a whistleblower alleging that its Region Controller…

TELECOM CORP: Sintel Amended Claim Settlement Talks Set for Oct.

A judicial settlement conference in the amended statement of claim filed by Sintel (in liquidation) against Telecom Corporation of New Zealand Limited relating to TNZI’s audiotext business in 1990 is scheduled for Oct. 10, 2008.

The matter was settled, but the…

TELECOM CORP: “Ellerslie Park” Development Claim Still Pending

Telecom Corporation of New Zealand Limited, as one of numerous respondents, continues to face claims in a leaky buildings claim in the Weathertight Homes Resolution Services relating to a development called “Ellerslie Park.”

The claim is that there was a…

TELECOM CORP: NZ High Court Ruling in Commerce Act Suit Pending

Telecom Corporation of New Zealand Limited is awaiting the decision of the High Court of New Zealand relating to the proceedings issued against the Company in March 2004 by the Commerce Commission.

The proceedings are claiming that during the period since…