Rochester, NY 7/9/2009 10:17:42 AM
After Hours - MOT - Motorola and CFO Battle over Documents in Court - Sourced WhisperFromWallStreet.com
Motorola, Inc.
After Hours - MOT - Motorola and CFO Battle over Documents in Court - Sourced WhisperFromWallStreet.com
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MOTOROLA INC,MOT
The court battle between Motorola Inc. and its former chief financial officer, Paul Liska, will continue to play out over the summer as the two sides bicker over discovery and allegations that the executive destroyed crucial evidence. On Wednesday, Judge Allen Goldberg of the Law Division of Cook County Circuit Court scheduled a series of hearings in Liska's retaliatory discharge case against Motorola. Last week, both Motorola and Liska filed motions asking the judge to compel the other side to hand over certain documents. Goldberg will consider these motions on July 31. He also pushed back a hearing on an earlier motion by Motorola to sanction Liska for alleged evidence destruction. That hearing, initially scheduled for July 31, will now be held on September 30. Liska was terminated for cause in February and sued Schaumburg-based Motorola that month, saying he was fired for refusing to accept misleading financial forecasts by the company's mobile-phone division. Motorola has accused Liska of plotting "an extortion-like scheme" against the company.
About
Motorola, Inc. offers technologies, products, and services for mobile communications worldwide. It operates in three segments: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. The Mobile Devices segment designs, manufactures, sells, and services wireless handsets with integrated software and accessory products, as well as licenses intellectual property. The Home and Networks Mobility segment designs, manufactures, sells, installs, and services digital video, Internet Protocol video, and broadcast network interactive set-tops; end-to-end video delivery solutions, broadband access infrastructure systems, and associated data and voice customer premise equipment to cable television and telecom service providers; and wireless access systems, including cellular infrastructure systems and wireless broadband systems to wireless service providers.
Last Trade: 6.09
Day's Range: 5.99 - 6.20
52wk Range: 2.98 - 10.50
Volume: 21,530,810
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