CHILDRENS PLACE: No Further Updates on SEC & N.J. USAO Probes

The Children’s Place Retail Stores, Inc., in its Form 10-Q dated Sept. 9, 2008, disclosed that there have been no developments on the investigations conducted by the Securities and Exchange Commission and the U.S. Attorney for the District of New…

GUESS INC: Bid in Ruling on Assessment on Italian Unit Pending

Guess? Inc.’s plan to appeal the unfavorable aspects of the judgment on the Officers of the Florence Customs Authorities’ preliminary assessment, which subjects the royalty expenses of the Company’s subsidiary, Maco Apparel S.p.A., to customs duties and related penalties, is…

CHILDRENS PLACE: Settlement of Derivative Suit Approved in July

The stipulation settlement resolving stockholder derivative action, naming The Children’s Place Retail Stores, Inc. as a nominal defendant, was approved by the U.S. District Court for the District of New Jersey on July 21, 2008.

On Jan. 17, 2007, a…

CAPITAL SOUTHWEST: Continues to Face IPO Suits v. Heelys, Inc.

Capital Southwest Corporation continues to face suits filed against Heelys, Inc. and its Chief Executive Officer, Chief Financial Officer and the directors who signed its registration statement with the Securities and Exchange Commission in connection with its Dec. 7, 2006…

SARA LEE: Nov. 5 Status Hearing Set for Shareholder Suit in Ill.

A status hearing is set for Nov. 5, 2008, on the consolidated derivative action filed in the Circuit Court of Cook County, Ill., by purported stockholders of Sara Lee Corporation.

Two separate individual and derivative actions were originally filed by…

SARA LEE: Disputes on PBGC Ruling on ABA Retirement Plan Ongoing

Disputes regarding American Bakers Association (ABA) Retirement Plan, where Sara Lee Corporation is a participating employer, are ongoing.

In 1979, the Pension Benefit Guaranty Corporation (PBGC) determined that the ABA plan was an aggregate of single-employer pension plans, rather than a…

G&K SERVICES: Cooperating with SEC on Ex-Manager Dispute Probe

G&K Services, Inc., in its Form 10-K dated Aug. 27, 2008, disclosed that it continues to cooperate with the U.S. Securities and Exchange Commission in its investigation into the Company’s dispute with a former location general manager.

On March 5,…

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