MICROTUNE INC: Simmonds’ Short-Swing Profits Suit Still Pending

The action captioned Vanessa Simmonds v. The Goldman Sachs Group, Inc., JP Morgan Chase & Co. and Microtune, Inc. remains pending.

A purported Microtune stockholder filed the lawsuit on Oct. 9, 2007.

Microtune was named as a nominal defendant in this action,…

VITESSE SEMICONDUCTOR: Still Pursues $100Mil Action v. KPMG, LLP

Vitesse Semiconductor’s lawsuit against its former auditing firm KPMG, LLP is still ongoing, according to the Company’s annual report filed with the Securities and Exchange Commission on Sept. 30, 2008.

On June 13, 2007, the Company filed a lawsuit in the…

VITESSE SEMICONDUCTOR: Derivative Lawsuits Settled on August 11

Vitesse Semiconductor Corporation says that, on Aug. 11, 2008, the U.S. District Court for the Central District of California granted final approval of the settlements in the Federal and State Derivative Actions.

Beginning in April 2006, nine shareholder derivative actions…

VITESSE SEMICONDUCTOR: Dupuy’s Case Settled on April 4 in Calif.

Vitesse Semiconductor Corporation states that, on April 4, 2008, a lawsuit filed by Jamison John Dupuy (an individual shareholder of the Company) against the Company was settled on April 4, 2008.

On April 10, 2007, Mr. Dupuy filed the complaint (Case…

VITESSE SEMICONDUCTOR: New York State & SEC Probes Still Ongoing

Vitesse Semiconductor Corporation continues to cooperate with investigations instituted by office of the U.S. Attorney for the Southern District of New York and U.S. Securities and Exchange Commission’s Division of Enforcement.

In May 2006, the Company received a grand jury subpoena…

MAHANAGAR TELEPHONE: Defends Alcatel Claims Over Supply Contract

Mahanagar Telephone Nigam Ltd. defends against Alcatel’s claims stemming from a contract for supply of digital local telephone exchange equipment.

In the year 2004 to 2005, Alcatel brought claims aggregating to INR137.19 million against the Company.

The claims include claims…

MEMC ELECTRONIC: Semi-Materials’ Contract Breach Lawsuit Ongoing

MEMC Electronic Materials Inc. continues to face two additional lawsuits arising from the action captioned Semi-Materials Co., Ltd. vs. MEMC Electronic Materials, Inc. and MEMC Pasadena, Inc.

On Sept. 28, 2006, Semi-Materials Co., Ltd. filed a complaint against MEMC in the…

GENERAL MOTORS: SEC Probe on Financial Statements Still Ongoing

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…

TELECOM CORP: Telstra’s Suit v. Australian Unit Remains Ongoing

The suit filed by Telstra Corporation Limited against Telecom Corporation of New Zealand Limited’s subsidiary, PowerTel Limited, is still ongoing in the High Court of Australia.

Telstra is the principal supplier to the Company’s Australian operations.

Telstra is seeking a statement…

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