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News Breaks | | | | February 15, 2013 | | 08:05 EDT |  | MOLX, MFG | Molex announces settlement of litigation with Mizuho Bank
Molex Incorporated (MOLX) has settled litigation with Mizuho Bank (MFG), which commenced in Tokyo District Court in August 2010, regarding previously reported unauthorized loans. The charge for the quarter ending March 31, 2013 related to this settlement is expected to approximate between $21M-$23M before tax based on current foreign exchange rates. Under the terms of the settlement agreement, Molex agreed to pay Mizuho $183M based on current foreign exchange rates and Mizuho agreed to dismiss the district court proceedings and release approximately $4.6M that the bank has held since 2010. In addition, Mizuho agreed to release Molex from any future claims relating to the unauthorized loans and provisional attachments. | |
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News For MOLX;MFG From The Last 14 Days Check below for free stories on MOLX;MFG the last two weeks. |
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| May 20, 2013 | | 11:18 EDT |  | MFG | Mizuho Financial Group upgraded to Neutral from Sell at UBS
 Subscribe for More Information | | | May 16, 2013 | | 11:15 EDT |  | MOLX | High option volume stocks: HMY MOLX PLX DSW EGLE
Subscribe for More Information | | | May 15, 2013 | | 10:13 EDT |  | MOLX | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 08:54 EDT | | MOLX | Molex downgraded to Neutral from Buy at Longbow
| | | May 8, 2013 | | 09:38 EDT | | MFG | Mizuho Financial Group downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded Mizuho based on lack of catalysts. | |
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