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You probably remember the big dust-up a few months ago over what exactly was in Taco Bell’s beef. A class action lawsuit was filed in California federal court in late January, 2011 by Alabama-based law firm Beasley, Allen against Taco Bell, a subsidiary owned by Yum Brands (YUM). Beasley Allen’s petition claimed that Taco Bell’s products that [...]
Could it be that, in the outrage over the safety bonuses awarded to top executives at Transocean (RIG), two other striking parts of the company’s proxy go largely overlooked? Transocean, of course, is the offshore drilling contractor that owned the Deepwater Horizon drilling rig that burst into flame a year ago, killing 11 and triggering [...]
We know that Pandora was a mythological woman, and that her notorious box really started out as a jar.* But the premise of her myth – that evil has been unleashed on Earth – made us think about federal prisoner number 61727-054… otherwise known as Bernie Madoff. Madoff didn’t invent the Ponzi scheme; that dubious [...]
Since mid-January, Cubic Corporation (CUB) has signed new contracts worth more than $300 million. The agreements vary, from creating a new “new smart card fare payment and revenue management system” for Vancouver’s regional transit systems, to creating systems that help American and British military personnel obtain tactical training. Yet for all the exciting new work [...]
Any time a proposed merger is announced, we expect that a handful of law firms will open an investigation that challenges how the deal came about or whether it’s in the best interest of the company’s shareholders. Thus, we weren’t surprised to read about lawsuits related to Chevron Corporation’s (CVX) $4.3 billion bid to acquire [...]
