NEWELL RUBBERMAID: Supplier to Appeal Breach of Contract Ruling

Newell Rubbermaid Inc. disclosed that Worthington Cylinders intends to appeal a court ruling that it breached a supply contract with the company.

The Company (through two of its affiliates) has been involved in litigation in the U.S. District Court for the…

SONY CORP: Optiarc Unit Cooperating with DOJ on disk Drive Probe

Sony Corporation, in its Form 20-F for the fiscal year ended March 31, 2010, reports that its U.S. subsidiary, Sony Optiarc America Inc. is cooperating with the U.S. Department of Justice (DOJ) Antitrust Division on an inquiry over its optical…

WHIRLPOOL CORP: IPI Tax Credits Lawsuits Ongoing in Brazil

Whirlpool Corporation is currently involved in lawsuits in Brazil concerning tax credits on the purchase of raw materials used in production (IPI tax credit).

The Brazilian Constitution provides a general basis for recognizing IPI tax credit. Certain raw materials that are…

WHIRLPOOL CORP: Affiliates Included in Brazilian Antitrust Probe

Whirlpool Corporation disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that certain Whirlpool affiliates and executives located in Brazil are facing formal administrative investigation into alleged violations of Brazilian antitrust law.

In…

WHIRLPOOL CORP: Appeal on BRL283MM Collection Pending in Brazil

Whirlpool Corporation disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that its appeal of the Brazilian lower court’s ruling over a BRL283 million (US$144 million, based on recent exchange rates) collection…

WHIRLPOOL CORP: Still Facing IPI Tax Credits Lawsuits in Brazil

Whirlpool Corporation is still involved in lawsuits in Brazil concerning tax credits on the purchase of raw materials used in production (IPI tax credit).

The Brazilian Constitution provides a general basis for recognizing IPI tax credit. Certain raw materials that are…

WHIRLPOOL CORP: Appeal on BRL283Mil Collection Pending in Brazil

Whirlpool Corporation’s appeal of the Brazilian lower court’s ruling on a BRL283 million (US$121 million, based on recent exchange rates) collection in favor of a financial institution is pending.

In 1989, a Brazilian affiliate (now a subsidiary) brought an action against…

WHIRLPOOL CORP: To Cooperate w/ DOJ’s Compressor Industry Probe

Whirlpool Corporation intends to cooperate with the U.S. Department of Justice’s investigations on the global compressor industry.

On Feb. 17, 2009, the Company received a grand jury subpoena from the DOJ requesting documents relating to an antitrust investigation of the global…