*NEWS*OFFICE MAX SET $9.8ML LEGAL RESERVE

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*NEWS*OFFICE MAX SET $9.8ML LEGAL RESERVE

 user 2005-05-12 at 11:07:00 am Views: 79
  • #9784

    OFFICE Max sets $9.8m legal reserve

    May 2005–Itacsa (IL):OfficeMax has
    established a pre-tax additional reserve of $9.8 million against its Q1 results,
    which were announced on 21 April.

    The reserve stems from information
    received after issuing Q1 results and relates to an ongoing 2003 legal dispute,
    the company said.

    The OP giant will incorporate the reserve in its
    quarterly results due to be filed with the Securities and Exchange Commission by
    5 May, when the company is expected to report a net loss of $5.3 million, or EPS
    of $0.07.