CISCO SYSTEMS: Defends Derivative Suits in California

Cisco Systems, Inc., continues to defend shareholder derivative lawsuits pending in California, according to the Company’s September 14, 2011, Form 10-K filing with the U.S. Securities and Exchange Commission for the year ended July 30, 2011.

Beginning in April 2011, purported…

ORACLE CORP: In Negotiations With DOJ to Resolve Qui Tam Action

Oracle Corporation is currently engaged in settlement negotiations to resolve the qui tam action commenced by the United States Department of Justice, the Company disclosed in its September 23, 2011, Form 10-Q filing with the U.S. Securities and Exchange Commission…

ORACLE CORP: Faces Another Derivative Suit Over Overcharges

Oracle Corporation is facing another stockholder derivative lawsuit relating to the allegations that the Company overcharged the United States Government by failing to provide discounts, according to the Company’s September 23, 2011, Form 10-Q filing with the U.S. Securities and…

CISCO SYSTEMS: Import Tax Claims vs Brazilian Unit Ongoing

Cisco Systems, Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that its Brazilian subsidiary are facing claims from Brazilian tax authorities based on a theory of joint liability with the…

CISCO SYSTEMS: Facing Suits for False Statements in Earning Calls

Cisco Systems, Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that beginning in April 2011, purported shareholder derivative lawsuits were filed in both the U.S. District Court for the Northern…

LEXMARK INTERNATIONAL: Appeals in Sagem Lawsuit Still Pending

Lexmark International Inc. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that appeals of parties in Sagem Communications’s lawsuit to the Geneva Court of Appeals the dismissal of their respective claims…

SONY CORP: Optiarc Unit Cooperating with DOJ on disk Drive Probe

Sony Corporation, in its Form 20-F for the fiscal year ended March 31, 2010, reports that its U.S. subsidiary, Sony Optiarc America Inc. is cooperating with the U.S. Department of Justice (DOJ) Antitrust Division on an inquiry over its optical…

MICROSOFT CORP: DC Court Okays Final Judgment Extension to 2011

Microsoft Corporation disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that in April 2009, the U.S. District Court for the District of Columbia entered an orded approving the extension of the…

MICROSOFT CORP: Has $1.2BB Liability for Legal Matters at June 30

Microsoft Corporation, as of June 30, 2009, had accrued aggregate liabilities for legal matters of approximately US$800 million in other current liabilities and approximately US$400 million in other long-term liabilities for all of the contingent matters, according to the Company’s…

MICROSOFT CORP: Summary Judgment Bid in Fall on Novell Dispute

Fact discovery has closed and summary judgment motions are expected to be filed in fall 2009 in Novell, Inc.’s antitrust action against Microsoft Corporation.

In November 2004, Novell filed a complaint in U.S. District Court, asserting antitrust and unfair competition claims…

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