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Gillette Contests Massachusetts Subpoena

Published December 9, 2005
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Gillette filed an action contesting the subpoena issued by Massachusetts Secretary of the Commonwealth William Galvin requesting information related to its planned acquisition by Procter & Gamble. Gillette is also seeking a declaration by a court that the secretary lacks jurisdiction over the acquisition, the company said.
Galvin opened an inquiry into the deal in February, focusing on a payment to Gillette’s CEO and chairman James Kilts that may have violated a state law that requires company officers to place shareholder interests first. Gillette said it has voluntarily cooperated with Galvin by producing documents in response to four prior informal requests.

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