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On March 5, the IRS closed the window on a settlement offer to the 150 corporations, including Enron, that used the "contingent liability" shelter to double deduct costs for certain liabilities, such as future employee benefits.
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The Citizens Utilities Company said yesterday that it would sell its Louisiana Gas operations to the Atmos Energy Corporation for $375 million plus the assumption of certain liabilities.
Benjamin Weiser (NYT) SHOE RETAILER SOLD Joan and David Helpern Inc., a family-owned shoe retailer whose Joan & David stores are found in many upscale shopping malls, has been sold for $16.8 million and the assumption of certain liabilities, the company's financial advisers said yesterday.
Silicon Graphics, the high-end computer computer workstation and server company founded by Jim Clark in 1982, today declared bankruptcy and sold itself to Rackable Systems for $25 million plus the assumption of "certain liabilities".
Sprint today announced that it has made an arrangement with U.S. Cellular to acquire PCS spectrum and also wireless network customers for $480 million in cash, and Sprint's taking over of "certain liabilities" on behalf of U.S. Cellular.
Clark/Bardes said late Wednesday that it paid $19.5 million in cash and 250,000 shares of common stock, and assumed certain liabilities for Pearl Meyer, an executive-compensation consulting firm based in New York.
In December 2006 Mr. Shaw was instrumental in the Volt Delta Resources LLC subsidiary's acquisition of Varetis Solutions GMBH and the repurchase of a minority interest from Nortel Networks which it had received for contributing certain assets and certain liabilities of its directory and operator services business to VoltDelta in August, 2004.
When minor children are entrusted by parents to a school, the parents delegate to the school certain responsibilities for their children, and the school has certain liabilities.
Since then, his reputation has declined, with Sunbeam blaming him and Mr. Kersh for inaccurate accounting and with the S.E.C. asserting that Scott Paper's profits were also inflated under Mr. Dunlap because certain liabilities were misrepresented.
Now, admittedly, there are certain liabilities.
Furthermore, Risner says, "BHP Billiton will continue to be subject to certain federal laws, such as the Comprehensive Environmental Response, Compensation, and Liability Act [i.e., Superfund], into the future with respect to certain liabilities should they arise".
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