GVHR » Topics » Litigation

This excerpt taken from the GVHR 10-Q filed May 11, 2009.

Litigation

 

The Company is a party to certain pending claims that have arisen in the ordinary course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows if adversely resolved. However, the defense and settlement of these claims may impact the future availability of, and retention amounts and cost to the Company for, applicable insurance coverage.

 

On March 13, 2009, a putative class action was commenced in the Circuit Court for Manatee County, Florida against the Company, each of the Company’s directors and TriNet seeking to enjoin the completion of the Merger with TriNet, an

 

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award of unspecified monetary damages and the recovery of certain costs incurred by the named Plaintiff.   On May 4, 2009, the Company agreed in principle to settle the putative class action.  Under the terms of the proposed settlement, all claims relating to the Merger Agreement and the Merger will be dismissed on behalf of the settlement class. The proposed settlement is subject to certain conditions, including but not limited to court approval and consummation of the Merger. As part of the proposed settlement, Gevity has agreed to pay up to $290 to the plaintiffs’ counsel for their fees and expenses, subject to final approval of the settlement and such fees and expenses by the court.  The proposed settlement will not affect the amount of merger consideration to be paid in the Merger or change any other terms of the Merger or Merger Agreement.

 

These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

Litigation

 

The Company is a party to certain pending claims that have arisen in the ordinary course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the consolidated financial position, results of operations, or cash flows if adversely resolved. However, the defense and settlement of these claims may impact the future availability of, and retention amounts and cost to the Company for applicable insurance coverage.

 

On March 13, 2009, a putative class action was commenced in the Circuit Court for Manatee County, Florida against the Company, each of the Company’s directors and TriNet alleging that Gevity’s board of directors breached its fiduciary duties to the Company’s shareholders in approving and adopting a merger agreement that contains preclusive deal protection measures and allegedly unfair merger consideration. The complaint further alleges that the Company and TriNet aided and abetted Gevity’s directors in this alleged breach of fiduciary duty. The complaint seeks to enjoin the completion of the merger, an award of unspecified monetary damages and to recover certain costs incurred by the plaintiff. The Company believes the complaint to be entirely without merit and intends to defend it vigorously.

 

Litigation



 



The Company is a party to certain pending claims that
have arisen in the ordinary course of business, none of which, in the opinion
of management, is expected to have a material adverse effect on the
consolidated financial position, results of operations, or cash flows if
adversely resolved. However, the defense and settlement of these claims may
impact the future availability of, and retention amounts and cost to the
Company for applicable insurance coverage.



 



On March 13, 2009, a
putative class action was commenced in the Circuit Court for Manatee County,
Florida against the Company, each of the Company’s directors and TriNet
alleging that Gevity’s board of directors breached its fiduciary duties to the
Company’s shareholders in approving and adopting a merger agreement that
contains preclusive deal protection measures and allegedly unfair merger
consideration. The complaint further alleges that the Company and TriNet aided
and abetted Gevity’s directors in this alleged breach of fiduciary duty. The
complaint seeks to enjoin the completion of the merger, an award of unspecified
monetary damages and to recover certain costs incurred by the plaintiff. The
Company believes the complaint to be entirely without merit and intends to
defend it vigorously.



 



Litigation



 



The Company is a party to certain pending claims that
have arisen in the ordinary course of business, none of which, in the opinion
of management, is expected to have a material adverse effect on the
consolidated financial position, results of operations, or cash flows if
adversely resolved. However, the defense and settlement of these claims may
impact the future availability of, and retention amounts and cost to the
Company for applicable insurance coverage.



 



On March 13, 2009, a
putative class action was commenced in the Circuit Court for Manatee County,
Florida against the Company, each of the Company’s directors and TriNet
alleging that Gevity’s board of directors breached its fiduciary duties to the
Company’s shareholders in approving and adopting a merger agreement that
contains preclusive deal protection measures and allegedly unfair merger
consideration. The complaint further alleges that the Company and TriNet aided
and abetted Gevity’s directors in this alleged breach of fiduciary duty. The
complaint seeks to enjoin the completion of the merger, an award of unspecified
monetary damages and to recover certain costs incurred by the plaintiff. The
Company believes the complaint to be entirely without merit and intends to
defend it vigorously.



 



This excerpt taken from the GVHR 10-Q filed Nov 10, 2008.

Litigation

 

The Company is a party to certain pending claims that have arisen in the ordinary course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows if adversely resolved. However, the defense and settlement of these claims may impact the future availability of, and retention amounts and cost to the Company for, applicable insurance coverage.

 

This excerpt taken from the GVHR 10-Q filed Aug 11, 2008.

Litigation

 

The Company is a party to certain pending claims that have arisen in the ordinary course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows if adversely resolved. However, the defense and settlement of these claims may impact the future availability of, and retention amounts and cost to the Company for, applicable insurance coverage.

 

This excerpt taken from the GVHR 10-Q filed May 12, 2008.

Litigation

 

The Company is a party to certain pending claims that have arisen in the ordinary course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows if adversely resolved. However, the defense and settlement of these claims may impact the future availability of, and retention amounts and cost to the Company for, applicable insurance coverage.

 

These excerpts taken from the GVHR 10-K filed Mar 17, 2008.

Litigation

        The Company is a party to certain pending claims that have arisen in the ordinary course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the consolidated financial position, results of operations, or cash flows if adversely resolved. However, the defense and settlement of these claims may impact the future availability of, and retention amounts and cost to the Company for, applicable insurance coverage.

Litigation





        The Company is a party to certain pending claims that have arisen in the ordinary course of business, none of which, in the opinion of management, is expected to
have a material adverse effect on the consolidated financial position, results of operations, or cash flows if adversely resolved. However, the defense and settlement of these claims may impact the
future availability of, and retention amounts and cost to the Company for, applicable insurance coverage.





This excerpt taken from the GVHR 10-Q filed Nov 9, 2007.

Litigation

 

The Company is a party to certain pending claims that have arisen in the ordinary course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows if adversely resolved. However, the defense and settlement of these claims may impact the future availability of, and retention amounts and cost to the Company for, applicable insurance coverage.

 

This excerpt taken from the GVHR 10-K filed Mar 16, 2007.
Litigation
 
The Company is a party to certain pending claims that have arisen in the ordinary course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the consolidated financial position, results of operations, or cash flows if adversely resolved. However, the defense and settlement of these claims may impact the future availability of, and retention amounts and cost to the Company for, applicable insurance coverage.
 
This excerpt taken from the GVHR 10-Q filed Oct 27, 2005.

Litigation

        The Company is a party to certain pending claims that have arisen in the normal course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the consolidated financial position or results of operations if adversely resolved against the Company. However, the defense and settlement of such claims may impact the future availability, retention amounts and cost to the Company of applicable insurance coverage.

        From time to time, the Company is made a party to claims based upon the acts or omissions of its clients and its clients’ employees and vigorously defends against such claims.

This excerpt taken from the GVHR 10-Q filed Jul 28, 2005.

Litigation

        The Company is a party to certain pending claims that have arisen in the normal course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the consolidated financial position or results of operations if adversely resolved against the Company. However, the defense and settlement of such claims may impact the future availability, retention amounts and cost to the Company of applicable insurance coverage.

        From time to time, the Company is made a party to claims based upon the acts or omissions of its clients and its clients’ employees and vigorously defends against such claims.

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This excerpt taken from the GVHR 10-Q filed May 9, 2005.

Litigation

        The Company is a party to certain pending claims that have arisen in the normal course of business, none of which, in the opinion of management, is expected to have a material adverse effect on the consolidated financial position or results of operations if adversely resolved. However, the defense and settlement of such claims may impact the future availability, retention amounts and cost to the Company of applicable insurance coverage.

        From time to time, the Company is made a party to claims based upon the acts or omissions of its clients and its clients’ employees and vigorously defends against such claims.

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