Similarly, in manipulating a reserve related to another merger, the complaint says that Simon Wood, a manager for the auditing firm, wrote a memorandum for CUC officials to sign that justified fraudulent numbers.
However, only a minority of HCC patients may undergo surgery, because advanced disease with multifocal tumour spread or gross vascular invasion, extrahepatic tumour spread or inadequate functional liver reserve related to co-existent cirrhosis precludes successful surgery.
In the first quarter of 2002, the bank took $644 million in write-downs and additional reserves related to Argentina.
Included in this total is an expense of $22.2 million for reserves related to the 49 Florida nursing homes Beverly sold in January, the company said.
[A14.] Cigna to Take $720 Million Charge Cigna said it would take a $720 million charge against its third-quarter results to add to reserves related to its reinsurance business.
The bank also said in a quarterly regulatory filing that it had recorded an additional $500 million in legal reserves related to its settlement discussions with regulators concerning the sale of auction-rate securities.
Cigna said it will take a $720 million charge against its third-quarter results to fund reserves related to its reinsurance business.
Rangers' interim accounts show that, in December, about £1.7m of their £3.5m cash reserves related to money that is "not immediately available as working capital".
Drugmaker Schering-Plough on Tuesday lowered previously reported earnings for the 2002 fourth quarter and full year, to reflect higher litigation reserves related to federal probes into its sales, marketing and clinical trial practices.
This is less risky than a full-blooded merger, which could come with unfunded reserve liabilities relating to claims for asbestos, medical malpractice, mould, construction defects and breast implants.During the past year, insurers have already started to buy one another's renewal rights rather than attempt full takeovers.
Shortly before it announced its results for last year, AIG bolstered its reserves for claims relating to D&O, workers' compensation and health care by $2.8 billion.
