PARKER HANNIFIN: Pays US$626,000 Fine as Settlement in Australia

Parker Hannifin Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that the company has paid a fine as settled with the Australian Competition and Consumer Commission (ACCC).

The Australian Competition and…

PARKER HANNIFIN: Facing Douglas Farrow Suit in California

Parker Hannifin Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that the company is facing False Claims Act lawsuit entitled, The United States of America ex rel. Douglas Farrow v.…

PARKER HANNIFIN: Probe on Parker ITR Ongoing in Brazil

Parker Hannifin Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that the Brazilian competition authorities’ investigation is ongoing and the Company and Parker ITR continue to cooperate.

In Brazil, Parker ITR…

PARKER HANNIFIN: Appeal on European Commission Ruling Pending

Parker Hannifin Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that the company’s appeal on a European Commission ruling regarding Parker ITR is still pending.

Parker ITR is a subsidiary of…

EXPEDITORS INTERNATIONAL: DOJ’s Anti-competition Probe Ongoing

The U.S. Department of Justice continues to conduct an investigation of alleged anti-competitive behavior amongst air cargo freight forwarders, including Expeditors International of Washington, Inc.

On Oct. 10, 2007, the DOJ issued a subpoena ordering the Company to produce certain information…

EXPEDITORS INTERNATIONAL: Defending vs. European Commission’s SO

Expeditors International of Washington, Inc. continues to vigorously defend itself against the allegations stated in the Statement of Objections from the European Commission.

On June 18, 2008, the European Commission (EC) issued a request for information to the Company’s UK subsidiary,…

LINEAR TECHNOLOGY: Settles Export Tax Benefits Dispute with IRS

Linear Technology Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that during fiscal year 2009, the Company and the Appeals Division of the U.S. Internal Revenue Service ( IRS Appeals…

BOEING CO: SES New Skies Seeks NSS-8 Arbitration in London

The Boeing Company disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that on May 11, 2009, SES New Skies filed a Request for Arbitration with the International Chamber of Commerce in…

PAYCHEX INC: Has US$20.4 Mln in Litigation Reserves as of May 31

Paychex, Inc. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that its reserve for all pending litigation totaled US$20.4 million as of May 31, 2009, and is included in current liabilities…

PAYCHEX INC: Appeal on Rapid Payroll Case Pending in Calif.

Paychex, Inc. is pursuing an appeal on a verdict issued in the Brunskill Associates, Inc. v. Rapid Payroll, Inc. et al. with the California Superior Court, Los Angeles County, the company disclosed in its latest annual report on Form 10-K…

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