Exact(8)
The city claimed it had not expected litigation in the matter, and had destroyed the recording as part of a record-retention schedule.
After having taken a $100 million reserve in the first quarter for expected litigation costs, Goldman declined to take a similar charge this time.
His role will include helping MFS cope with new regulations from the S.E.C. and Congress, as well as expected litigation resulting from last week's settlement.
Massey had already taken a charge of $128.9m during 2010 to cover costs from the explosion, including workers' compensation, restitution for the families of the miners and expected litigation costs.
"We believe investors will get a better chance for an opportunity in Altria once the dust settles from the expected litigation news flow over the next zero to three months.
Ultimately, Merck prevailed in the expected litigation which followed and fortified trust through its revered corporate reputation and internal employee pride.
Similar(50)
"We expect litigation from everyone," said MPT's Parmar.
The city, which is contesting liability in the case, has said in filings that the recording "was destroyed in accordance" with a "record retention schedule" because officials did not expect litigation.
Nobody sued, but many experts expect litigation to erupt eventually over such cyberswindles.
State Street's bad bets on subprime mortgages have investors fuming and the company expecting litigation, prompting the ouster of State Street Global Advisors chief William Hunt William Hunt, who will be replaced by executive vice president James Phalen James Phalen, who will report to State Street Chief Executive Ronald Logue Ronald Logue.
She said she had originally expected the litigation to last only two or three years.
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