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That’s the cover of the new ethics policy at Sysco (SYY), the big food-service company. The company filed it with the Securities and Exchange Commission on Tuesday afternoon, several hours after filing its 10-K. In the 8-K that included the document, Sysco describes its ethics-policy overhaul in dry, lawyerly terms, saying it was intended “to [...]
Corporate lawyers aren’t known for being early adopters, whether of cutting-edge technology or zippy new buzzwords. As a result, company filings may be one of the last places to spot new trends. So we’re assuming that a recent sighting means social networking, that many-splendored creature, is here to stay: It’s now scary enough for the [...]
The quarterly report that Comverge, Inc. (COMV) filed July 30 left us hoping that the company’s attorneys, accountants, and especially Steve Moffitt, its Executive Vice-President of Engineering and Operations, all have good senses of humor. We chuckled at Exhibit 10.5 to the Q, the company’s Executive Employment Agreement with Moffitt. Once you get past the standard provisions [...]
Lawyers are a cautious bunch, but when it comes to the corporate sort, they also have a reputation for a certain dullness: They’re not exactly supposed to get carried away with flights of fancy, especially not when drafting public disclosures. So we were a little surprised to find a new risk factor listed on page [...]
The litigation section of company filings often reminds us of Jandyce and Jarndyce, the interminable lawsuit that is the backdrop of Charles Dickens’ novel Bleak House, a case so long-running and convoluted that “[t]he little plaintiff or defendant who was promised a new rocking-horse when Jarndyce and Jarndyce should be settled has grown up, possessed [...]
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