Topic: Legal

— 3858 items —

Mind the Gap!
April 1, 2004—Gap Stores (GPS) , which has long been criticized for its cozy relationship with Fisher Development, a construction company owned by Gap Chairman Donald Fisher’s brother, finally seems to have gotten it. Fisher Development, which up until 2 years ago, served as general contractor on practically all new store construction and renovation projects for the […]

Flying around…
March 25, 2004—Comcast (CMCSA) released its proxy yesterday and while much of the focus was on the higher salary and hefty bonuses given to CEO Brian Roberts and executive vice president Steven Burke, an item buried in the footnotes to the compensation tables caught my attention. C. Michael Armstrong, the former head of AT&T (T) who was […]

Moving to Europe…
March 18, 2004—Baxter International (BAX) is paying for one of its former employees (and his family) to move “from southern California to the European location of your choice” according to a severance agreement for Thomas H. Glanzmann that was one of the exhibits at the end of the 10-K filed last week. Glanzmann resigned as president of […]

Brotherly love…
March 16, 2004—So many K’s were filed over the past few days, that it’s hard to know where to begin. We’ll start with a nice tale of brotherly love: KFX Inc. (KFX) is an alternative energy company whose Chairman and CEO is Theodore Venners. For the past 10 years, the money-losing company has had a deal with […]

No insurance…
March 11, 2004—A lawsuit that The Geo Group (GGI) , the large correctional services company formerly known as Wackenhut Correctional Corp, first disclosed in last year’s K may be a potentially bigger problem, according to the K filed by the company this year. Ten employees in California, where the company has significant operations, filed a suit in […]

Dog-fight…
March 9, 2004—The longstanding fight over the Taco Bell Chihuahaua, the star of a once hugely popular advertising campaign, has entered a new round according to the 10-K recently filed by Yum Brands (YUM) . Last year, Yum lost a lawsuit filed back in 1998 by two Michigan-based cartoonists who said their idea for the feisty dog […]

The word bonus is so 1999…
February 23, 2004—In its 10-K filed earlier today, Intel Corp. (INTC) changed the name of its Executive Officer Bonus Plan to the new Executive Officer Incentive Plan, which clearly has a different ring to it. But that’s not the only change in the plan, which is really an updated version of its plan filed back in April […]

From the top…
February 18, 2004—In the huge ongoing mutual fund scandal, it seems as if the SEC is now targeting Franklin Resources (BEN) co-chief executive Greg Johnson, son of company founder Charles B. Johnson. Buried on p. 16 of the 46 page 10-Q filed yesterday is a disclosure that the SEC “intends to recommend…a civil injunctive action” — legalese […]

Feel the love…
February 13, 2004—There’s no love lost this Valentine’s Day between two of the nation’s largest floral services. In its recent 10-Q, FTD Inc. (FTD) disclosed that Teleflora had filed a lawsuit against FTD on Dec. 30 claiming that FTD had hacked into Teleflora’s floral delivery software. Most florists subscribe to either Teleflora or FTD, both of which […]

Against the odds…
February 5, 2004—Having your auditor issue a “going concern” letter can often be the kiss of death for many companies. Combine that with a formal investigation by the SEC and an investigation by a US Attorney, and you’d think, or at least hope, that all but the most aggressive investors would shy away. But that’s not the […]