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Archive for the 'Legal woes' Tag

A modest agreement at International Rectifier …

Thursday, August 26th, 2010

We don’t hesitate to call companies out for giving former directors and executives lush consulting contracts. Look no further than Northrop Grumman, Acxiom and Boeing, among others. Now we come across a consulting contract we might even like: One filed with an 8-K on Tuesday by International Rectifier (IRF), a maker of power-management semiconductors in El [...]

The scoop on Kraft’s coffee price fixing woes…

Tuesday, August 10th, 2010

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 [...]

Giving Jarndyce some competition at Chiquita …

Friday, July 30th, 2010

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 [...]

Lawsuits and drugs busts at Union Pacific …

Monday, July 26th, 2010

It turns out working on the railroad is a lot more varied than we ever imagined as children. This we learn from the “legal proceedings” section of a 10-Q filed Friday afternoon by Union Pacific (UNP), the railroad giant. That section can be dull and predictable, with tech companies describing endless patent disputes and big [...]

It’s a Bird! It’s a Plane! It’s Time Warner’s 8-K!…

Thursday, July 8th, 2010

Time Warner, Inc. (TWX) filed a short 8-K July 7 that had a couple of interesting sections. First was a disclosure that the company had recast some 2008 and 2009 consolidated financial statements “to reflect the retrospective adoption of amendments to accounting guidance….” The more interesting disclosure involves DC Comics (owned by Time Warner, Inc.), [...]