Philip lawsuits combined in U.S

Article Abstract:

Philip Services Corp. of Hamilton, Canada, will be facing combined class-action suits as the Judicial Panel on Multidistrict Litigation, which is based in Washington, US, decided on Jun. 4, 1998, to combine a minimum of 13 class-action suits that were filed by investors of Philip Services. The combined class-action suits will be tried together in court in the Southern District of New York in New York City. Aside from the 13 class-action lawsuits, the Judicial Panel commented that six other lawsuits will be regarded as possible tag-along actions. The suits assert that Philip Services misstated in 1997 the company's financial status to its shareholders.

Comment:

Will face combined class-action suits in US as the Judicial Panel on Multidistrict Litigation combines 13 class-action suits

Stockholder data, Metals Recovery, Materials Recovery Facilities, Metal recycling, Article, Philip Services Corp.

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Low accounting credibility 'serious.'(financial accounting, International Federation of Accountants report)

Article Abstract:

An International Federation of Accountants report said that financial accounting's low credibility must be addressed by lawyers, regulators, analysts, and auditors. The group made its comments in a 63-page report.

Accounting Methods, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Reports, Accounting, Accounting firms, Accounting services, International Federation of Accountants

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Nymex, TSX in talks to form alliance: report

Article Abstract:

The plans of TSX Group Inc. to partner with New York Mercantile Exchange are presented.

Canada, Alliances, partnerships, Security brokers and dealers, Security and Commodity Services, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Commodity contracts brokers, dealers, Negotiation, mediation and arbitration, Securities industry, Alliances and partnerships, Commodities industry, New York Mercantile Exchange Inc., TSX Group Inc.

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