JUNIPER NETWORKS: Resolution of IRS Proposed Adjustments Pending

Juniper Networks Inc. continues to await the final resolution of the issues raised in the Internal Revenue Service’s Notice of Proposed Adjustment received in 2004.

The IRS has concluded an audit of the Company’s federal income tax returns for fiscal years…

DOMTAR CORP: Seeks License Rights Restoration of Unit’s Sawmills

Domtar Corp. is seeking the reinstatement through formal legal proceedings of the license rights of its subsidiary, Domtar Inc.’s sawmills.

On Oct. 1, 2007, Domtar Inc. received a written notice from the Minister of Natural Resources and Wildlife for the province…

JUNIPER NETWORKS: Consolidated Federal Derivative Suits Ongoing

Juniper Networks Inc. continues to face the consolidated derivative complaint filed by Timothy Hill, Employer-Teamsters Local Nos. 175 & 505 Pension Trust Fund, and Indiana State District Council of Laborers and HOD Carriers Pension Fund, as lead plaintiffs.

Between May 24,…

JUNIPER NETWORKS: Ruling in Calamore’s Statement Action Pending

Juniper Networks Inc. is awaiting the ruling of the Northern District of California in Jeanne M. Calamore’s suit filed against the Company, Scott Kriens, Pradeep Sindhu, Robert M. Calderoni, Kenneth Goldman, William R. Hearst, III, Kenneth Levy, Frank Marshall, Stratton…

SEARS HOLDINGS: AIG Contract Breach Lawsuit Settled on Aug. 21

The appellate court, on Aug. 21, 2008, reversed the trial court’s judgment and entered judgment in favor of Sears Holdings Corp. on all counts in the suit captioned AIG Annuity Insurance Company, et al. v. Sears, Roebuck and Co.

The…

BJ’S WHOLESALE: Dispute to Claims over Illegal Card Use Ongoing

BJ’s Wholesale Club, Inc. continues to contest the claims made against it and continues to explore its defenses and possible claims regarding the fraudulent use of credit and debit card accounts at non-company locations.

Early in 2004, the Company was…

SEARS HOLDINGS: Kmart Vendor Allowances Inquiries Still Ongoing

The investigations of the U.S. Securities and Exchange Commission and the U.S. Attorney for the Eastern District of Michigan continue on Kmart Holding Corp. are ongoing.

The investigations focus on the recorded vendor allowances and the disclosure of certain events…

LIBERTY MEDIA: Dispute with IAC over Spin-offs Ended Last May 28

The Chancery Court of the State of Delaware, on May 28, 2008, dismissed the actions in the consolidated lawsuit styled In re IAC/InterActiveCorp C.A. No. 3486-VCL., without prejudice.

Liberty Media Corporation controls IAC.

In January 2008, IAC, Barry Diller, Chairman of the…

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.,…

AMERIPRISE FIN’L: Customer Suits on Sales Methods Still Ongoing

Ameriprise Financial, Inc. continues to face claims by customers relating to suitability, disclosures, supervision and certain other sales practices.

The Company previously reported two adverse arbitration awards issued in 2006 by the panels of the Financial Industry Regulatory Authority formerly…

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