Archive for the 'Legal woes' Category

The U.S. has restricted a slew of exports to the Islamic Republic of Iran. So when The Australian published an article (payment required) last spring describing a trade-show booth in Tehran that was showcasing an atomic absorption spectrometer made by Waltham, Massachusetts-based PerkinElmer (PKI), the Securities and Exchange Commission took notice. In a June 22 [...]

For the past few years, there’s been bankruptcy chatter about Blockbuster (BLOKA). Indeed, at times the speculation has been so rampant that company executives have had to actually issues statements to the media (see this story from last year and this interview with CEO Jim Keyes from this past June) that the company was not [...]

One benefit from reading SEC filings is that they allow us to distill some of the details about matters that have previously only been reported in a general way. A good example comes from the 10-Q that Kraft Foods, Inc. (KFT) filed August 6. In early June, a story broke that Germany’s Federal Cartel Office [...]

Call us old-fashioned, but we think that a federal investigation for bribery or foreign corruption, even a small one relative to a company’s size, is significant, and warrants disclosure. We recently took General Electric (GE) to task for sweeping its own foreign corruption inquiry under the rug. Last Friday, the Securities and Exchange Commission and [...]

It isn’t every day that one of the biggest industrial companies settles foreign bribery charges — and almost acknowledges the allegations in the process. Given that the company didn’t tell investors that the investigation was even underway, that’s not half bad. Today General Electric (GE) settled allegations by the Securities and Exchange Commission that several [...]