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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 [...]
If a $131-million verdict comes down in a Mississippi courtroom, and no-one’s around to hear it, when will shareholders find out about it? Maybe not for a long while, if it’s up to Ford Motor (F). As has been reported, Ford lost a civil lawsuit in Mississippi last Thursday, with a $131 million verdict over the death [...]
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 [...]
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 [...]
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 [...]
