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The suit, filed in a Florida state court against PricewaterhouseCoopers, contends that Coopers & Lybrand, a predecessor firm, "failed miserably in its duties" when it recommended restructuring steps that the company says proved to be highly damaging.
The email to employees notes absurdly that the "restructuring steps we have taken have laid the groundwork for an exciting new chapter of innovation for MySpace" (with nearly half of MySpace staff now laid off, the few that are left are thinking about everything except innovation).
"They may soon announce additional restructuring steps, as what's already out there is not that drastic.
Ricoh is the latest Japanese company to announce restructuring steps after the March 11 earthquake and tsunami.
The second-quarter restructuring steps were the initial moves in previously announced plans to revamp Interpublic by cutting expenses faster and deeper than under previous management.
Hurt by high costs and a decline in smoking, Japan Tobacco Inc. will speed up job cuts and other restructuring steps to increase profit.
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However already 100 ms after the rapid mixing, ∼50% of the material is ordered in the form of aggregated inverted lipid nanotubes (panel A), and the restructuring step thereafter is minor as can be seen in the small lattice changes (∼0.5 Å) (panel B).
And even where states might not be ready to embrace full restructuring, smaller steps can still help.
In another statement, the insurer said Stockton might have avoided bankruptcy entirely if it had taken steps like restructuring its debts, selling assets and "pension reform".
Mr. Kelly said he believed Continuum would become stronger by taking steps like restructuring its debt and, yes, perhaps merging more departments.
As the company took its first steps in restructuring, two other lenders — Aegis Mortgage and the mortgage unit of National City — said yesterday that they had stopped taking or had suspended loan originations.
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