The Goodyear Tire & Rubber Company, as of Dec. 31, 2008, derecognized US$175 million of the liability and the related amount of restricted cash from its Consolidated Balance Sheet, involving a rubber hose product, Entran II.
On June 4, 2004, the…
The Goodyear Tire & Rubber Company is cooperating with the probes by the U.S. Department of Justice (Antitrust Division), European antitrust authorities, and the Brazilian antitrust authority into the marine hose industry.
In May 2007, the DOJ announced that it had…
Exide Technologies says that, on Sept. 19, 2008, the U.S. Court of Appeals for the Third Circuit vacated prior orders of the U.S. Bankruptcy Court for the District of Delaware in a case involving Pacific Dunlop Holdings (US), Inc. (PDH).
In…
Exide Technologies continues to dispute Pacific Dunlop Holdings (US), Inc.’s (PDH) claim, which seeks recovery of about US$3.1 million for amounts allegedly owed by the Company under various agreements between the parties.
In December 2001, PDH filed the case in the…
Exide Technologies is cooperating with the Securities and Exchange Commission’s investigation on statements the Company made in fiscal 2005 on its ability to comply with fiscal 2005 loan covenants and the going concern modification in the audit report in the…
Autoliv Inc.’s former supplier on Oct. 8, 2008, filed a petition for writ of certiorari with the U.S. Supreme Court, relating to a decision of the U.S. Court of Appeals for the Federal Circuit, according to the Company’s latest quarterly…
Copart, Inc., on July 14, 2008, filed a lawsuit against Auto Auction Services Corp. (AASC) in the U.S. District Court, Northern District of California.
The principal parties are Copart as plaintiff and AASC as defendant.
The complaint identifies, but did…
General Motors Corporation will continue to cooperate with the U.S. Securities and Exchange Commission’s investigation on the Company, according to its latest Quarterly Report filed with the SEC on Aug. 7, 2008.
The SEC has issued subpoenas and information requests to…
Dana Holding Corporation continues to cooperate with the U.S. Securities and Exchange Commission in its investigation of the Company’s restatements.
In September 2005, the Company’s management reported an investigation into the accounting matters arising out of incorrect entries related to a…
The lawsuit filed by International Acquisitions Services, Inc., Innovative Transportation Systems AG, and Neville Chamberlain against Energy Conversion Devices, Inc. was resolved in June 2008 with a payment of US$925,000 made to IAS.
The action, filed in Nassau County, New York…