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PPG Hosts Meeting with Securities Analysts

2015-06-19 07:00:00| Coatings World Breaking News

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HP will pay USD 100 mln to settle Autonomy securities case

2015-06-09 15:02:00| Telecompaper Headlines

(Telecompaper) Hewlett-Packard said it will pay USD 100 million to settle a securities lawsuit related to its acquisition of Autonomy. HP bought Autonomy for USD 11 billion in 2011 and then wrote down USD 8.8 billion related to the deal. The company has accused Autonomy of improperly reporting USD 709 million in revenue over 2.5 years before the purchase. Dutch pension-fund manager PGGM Vermogensbeheer, the plaintiff in the securities case, led a lawsuit on behalf of investors hurt by the write-down. Under the terms of the settlement, HP's insurance will pay USD 100 million to a settlement fund to anyone who bought HP shares from 19 August 2011 to 20 November 2012, the dates between the announced deal and the write-down. There will be no individual contribution to the settlement. As a result, all HP members will be released from any securities claims related to Autonomy. The settlement is subject to court approval. HP said that while it believes the suit has no merit, it is better to settle than to pursued a burdensome and protracted litigation process. H-P sued Autonomy's former chief executive Michael Lynch and former CFO Sushovan Hussain on 30 March, seeking USD 5.1 billion in damages.

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Broad Reach for Canadian Securities Regulators for Insider Trading

2015-06-04 18:30:34| IT Services - Topix.net

In a settlement agreement recently endorsed by the Ontario Securities Commission , respondent Anand Hariharan agreed to settle insider trading allegations made by OSC enforcement staff against him. The settlement is notable in that Mr. Hariharan had not actually contravened the insider trading provisions set out in Ontario's Securities Act , as the relevant issuer was not a reporting issuer in Ontario.

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Securities and Governance Update

2015-05-29 10:16:59| Grocery - Topix.net

With a single statement the SEC upended the private ordering of how shareholder proposals are often dealt with in the height of proxy season. Historically, it has been well settled that companies may exclude shareholder proposals on the basis that "the proposal directly conflicts with one of the company's own proposals to be submitted to shareholders at the same meeting."

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26 Income Securities For A Well-Rounded Asset Allocation

2015-05-28 04:40:24| Steel - Topix.net

In my personal portfolio, I buy the best available dividend securities and use my other investments to balance my asset allocation. I am a firm believer that asset allocation plays a significant part in a portfolio's long-term results.

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