AGCO CORP: 3 Foreign Units to Defend v. Republic of Iraq’s Suit

Three foreign subsidiaries of AGCO Corp. intend to defend against the Republic of Iraq’s civil action in a federal court in New York, Case No. 08 CIV 59617.

On June 27, 2008, the Republic of Iraq filed a civil action in…

MCDERMOTT INT’L: Hall Suit on Radiation Exposure Remains Pending

McDermott International, Inc. continues to face the suit entitled Donald F. Hall and Mary Ann Hall, et al., v. Babcock & Wilcox Company, et al. related to exposure to uranium and plutonium.

The Babcock & Wilcox Company is one of the…

MANITOWOC CO: March 4 Agreement Settles Dispute w/ Marine Client

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…

MODINE MFG: Ruling in Mexican Tax Appeal Entered in Fiscal 2009

Modine Manufacturing Company says that the outcome of a Mexican tax appeal, which was decided subsequent to the end of the first quarter of fiscal 2009, was favorable to the Company.

In June 2004, the Servicio de Administracion Tributaria in Nuevo…

ENERGY CONVERSION: Battery Supply Fraud Suit Resolved Last June

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…

PARKER HANNIFIN: Probe on Marine Oil, Gas Hose Segment Continues

The investigations on Parker ITR’s marine oil and gas hose business are ongoing.

Parker ITR is a subsidiary of Parker Hannifin Corp.

On April 27, 2007, a grand jury in the Southern District of Florida issued a subpoena to Parker ITR.…

ENERGY CONVERSION: Dispute on Joint Venture Claims Still Ongoing

Energy Conversion Devices, Inc. and its subsidiary, Ovonic Battery Co., are facing claims of Chevron Technology Ventures LLC relating to the Operating Agreement in the Cobasys joint venture.

The Cobasys joint venture between OBC and CTV, a subsidiary of Chevron Corp.,…

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