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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 [...]
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 [...]
Since September 9, when one of Pacific Gas and Electric Company’s (PG&E) natural gas transmission pipes ruptured and resulted in the San Bruno fire, the company filed four SEC filings that mention the explosion. PG&E – which has about 20,000 employees and delivers electricity and natural gas to about 15 million people in northern and [...]
