Topic: Legal

— 3858 items —

For rent…
March 15, 2006—There was an interesting little disclosure in the amended K that Take-Two Interactive (TTWO) filed recently. Gary Lewis, who joined the company in September 2004 as its global chief operating officer, left the company this past January. As I noted in this post back when he joined the company (and the stock was trading at […]

Failure never felt so good…
February 27, 2006—What happens when you’re the top dog and you’re shown the door? We should all be so lucky, according to two filings made late Friday concerning two former top executives who — how can we say this politely — didn’t exactly do great jobs at their respective companies. Late Friday, First Data (FDC) finally got […]

A good few months…
February 24, 2006—When Jeffrey Roe joined Safeco (SAFC) last April as a co-president, the company hailed Roe’s "winning combination of strategic thinking and operational effectiveness." But on Feb. 2, Roe stepped down and according to this separation agreement filed yesterday, Safeco is paying him over $1 million for his brief tenure. So how much is Roe’s brief […]

Friday night follies…
February 21, 2006—Several large companies filed their Ks late Friday, including Dow component Alcoa (AA), which buried this little tidbit in their 280-page filing: that a woman in northern New York State is seeking class-action status on behalf of 12,000 members of the Mohawk Indians who claim that both Alcoa and General Motors (GM) are responsible for […]

Preparing for the headwinds…
January 25, 2006—Is alternative energy provider and coal combuster Headwaters Inc. (HW) preparing to face some headwinds? The stock has enjoyed a nice run over the last two years, though it’s slumped since reaching near $45/share in August. The proxy Headwaters filed after the bell on Friday disclosed some interesting arrangements, most notably with CEO Kirk Benson. […]

A bit too discreet…
January 11, 2006—Late last night, I stumbled across an interesting disclosure in the 10-K filed by Engineered Support Systems (EASI). At first, I thought I must have been reading it wrong — that a company wouldn’t really disclose a formal SEC investigation that began in December 2004 and which involved “subpoenas to various individuals associated with ESSI” […]

More good news?
December 22, 2005—Yesterday, stun gun maker Taser International (TASRE) announced that a wrongful death lawsuit against the company had been dismissed with prejudice, which sent the stock up about 11% yesterday. And there was today’s release that the company would be able to drop the E and resume trading on NASDAQ. But in the Q the company […]

Chrismakkah comes early!
December 21, 2005—Though footnoted.org doesn’t normally focus on issues going on outside the SEC filings, the news that former Qwest (Q) CEO Joseph Nacchio has been indicted on 42 counts of insider trading is just too much to pass up. Those of you who have read Financial Fine Print, know that I first got interested in reading […]

Full circle?
December 16, 2005—Yesterday, Microstrategy (MSTR) filed a pretty strange 8-K that hinted at lots of perks, without providing many details. For those that don’t remember, Microstrategy got into a spot of trouble back in 2000 for overstating its profits by tens of millions of dollars. In 2001, it paid more than $50 million to settle a series […]

Personal reasons again…
December 13, 2005—Ever since last week, the liberal blogosphere has been talking about how Diebold (DBD) CEO Wally O’Dell, would be stepping down because of shareholder lawsuits over insider trading. And yesterday, after the market closed, Diebold made the official announcement citing the oft-abused “personal reasons” yet again. (Note to PR folks: nobody buys that line anymore. […]