The Manitowoc Company, Inc., on March 4, 2008, reached an agreement with an unnamed customer of the Company’s Marine business segment, which resulted in the settlement of all claims and counterclaims between the two parties.
The claims relate to certain…
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…
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 criminal charges filed by the Paraguay public attorney’s office against Bunge Limited’s Paraguayan and Brazilian subsidiaries, Bunge Paraguay S.A. and Bunge Alimentos S.A., and nine employees of these subsidiaries, are pending.
In February 2008, an attorney with Paraguay’s public…
Bunge Limited recorded a US$21 million other expense for the second quarter of 2008 which included primarily a provision of US$19 million for an adverse ruling received during the quarter.
The ruling relates to a Brazilian social security claim tax against…
Bunge Limited reserved US$164 million as of June 30, 2008, regarding the civil and other claims that relate to various disputes with suppliers, customers and other third parties.
The Company has incurred certain costs relating to crude sunflower oil supplied to…
Bunge Limited is cooperating with the European Commission’s investigation commenced in July 2008 into whether certain traders and distributors of cereals and other agricultural products in the E.U. have infringed European competition laws.
On July 10, 2008, the European Commission…