The Commerce Department recently issued a press release stating that the Committee for the Implementation of Textile Agreements (CITA) has made affirmative decisions of "threat of" market disruption in four safeguard cases, for China categories 301, 340/640, 638/639, and 647/648.
The International Trade Administration (ITA) has issued its preliminary results of the following antidumping (AD) duty administrative reviews:
Easyhome Rentals received final court approval of a $547,512 settlement of a class action lawsuit filed in Canada accusing it of selling contracts that didn’t conform with the Quebec Consumer Protection Act. After legal expenses and fees, about $298,000 will be distributed to class members, who are expected to receive cash payments by month’s end. A preliminary settlement was reached in Nov., capping a 7-year legal battle. Easyhome denied wrongdoing, but said the settlement was “desirable” in light of the time it required of senior executives. Those eligible for the settlement include Easyhome customers that renewed and paid weekly and/or monthly contracts for a minimum 4-month period between the start of the company in 1997 and May 9, 2005. Easyhome previously recorded a reserve to cover the settlement. Earlier this year, Easyhome also agreed to pay $7.38 million in coupons to settle a separate suit accusing it of violating the Canadian criminal code by charging interest on the difference between early pay-out options and the cash prices. The settlement with about 70,000 class members will consist of coupons that can be used to buy Easyhome merchandise, applied to existing agreements or used in signing a new contract, the company said.
ITA has preliminarily determined not to revoke the AD duty order for Silcotub as it did not satisfy the requirement of selling subject merchandise at not less than normal value for a period of three consecutive years.
Toys ‘R’ Us shareholders are scheduled to meet June 23 in N.Y.C. to vote on its proposed $6.6 billion sale to a private consortium. Toys R Us plans early next week to file a definitive proxy for the vote. The company said it expects no major changes from its preliminary proxy, filed May 2, that envisioned a purchase price of $26.75 a share, the same as was announced in March. In the deal, expected to be completed in July, Toys ‘R” Us will be sold to Bain Capital Partners, Kohlberg Kravis Roberts & Co., and Vornado Realty Trust. The chain operates 1,288 Toys ‘R’ Us and 219 Babies ‘R’ Us stores.
The International Trade Administration (ITA) has issued its preliminary results of two antidumping (AD) changed circumstances reviews of (1) certain softwood lumber products from Canada, and (2) brake rotors from China.
The Committee for the Implementation of Textile Agreements (CITA) has posted to its web site updated preliminary textile and apparel import data for 2005, which now covers the 2005 period from February to May 7th.
The International Trade Administration (ITA) has issued the final results of its antidumping (AD) duty administrative review of carbon and certain alloy steel wire rod from Brazil for the period of April 15, 2002 through September 30, 2003.
The International Trade Administration (ITA) has issued the final results of its antidumping (AD) duty administrative review of certain helical spring lock washers from China for the period of October 1, 2002 through September 30, 2003.
The Committee for the Implementation of Textile Agreements (CITA) has issued a press release stating that it has made affirmative decisions of "threat of" market disruption in the safeguard cases on China categories 301, 340/640, 638/639 and 647/648. The 30-day comment period for these cases closed prior to December 30, 2004.