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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 [...]
With all the rumors, speculation and well-meaning advice swirling around Yahoo (YHOO), we weren’t terribly surprised to find some indications that the board and management were getting a little twitchy. Of course, when corporate titans get twitchy, lawyers usually get busy. And sure enough, Yahoo filed an 8-K on Thursday afternoon disclosing a series of [...]
Ongoing litigation is just part of the cost of doing business for a big company like Costco Wholesale Corporation (COST), but the recent 10-K that the company filed on October 18 disclosed that a case involving its stock options practices may soon be resolved. The case, initially filed in 2008 by the Pirelli Armstrong Tire [...]
