Latest news

  • in

    Loss Contingency for a Verdict Overturned on Appeal

    Accounting for a Loss Contingency for a Verdict Overturned on Appeal May 2007, W filed a claim against M for patent infringement. • For the year ended December 31, 2007, management of M determined that a loss for this matter was probable and represented that the estimate of loss was in the range of $15 […] More

  • in

    Accounting for a Loss Contingency for a Verdict Overturned on Appeal

    M International (“M”) and W Inc. (“W,” a competitor of M) have been engaged in long- standing litigation over a specific patent infringement matter. Below is a summary timeline of specific events that have taken place related to this matter: In May 2007, W filed a claim against M for patent infringement. For the year […] More