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…
The Chancery Court of the State of Delaware, on May 28, 2008, dismissed the actions in the consolidated lawsuit styled In re IAC/InterActiveCorp C.A. No. 3486-VCL., without prejudice.
Liberty Media Corporation controls IAC.
In January 2008, IAC, Barry Diller, Chairman of the…
The consolidated federal derivative cases filed against certain of First Marblehead Corporation’s current and former officers and directors and nominally against the Company remain stayed.
In May 2008, three federal derivative lawsuits were filed in the U.S. District Court for the…
First Marblehead Corporation is seeking a mutual agreement to stay the proceedings in the shareholder derivative action filed in Massachusetts Superior Court.
The complaint is purportedly brought on behalf of the Company to remedy alleged violations of federal and state…
The action filed by Clive Basset Jones, Darryl Steven Turok (a/k/a Dax Turok) and Cheong Jose Vai Chi (a/k/a Cliff Cheong), against Las Vegas Sands Corp. and certain subsidiaries is set for trial in December 2008.
On Jan. 26, 2006, the…
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…
The District of Columbia Public Service Commission is considering the implementation issues concerning Potomac Electric Power Co.’s base rate increase in a Phase II proceeding.
On Dec. 12, 2006, Pepco, a subsidiary of Pepco Holdings Inc., submitted an application to the…