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: A Georgia LawyerDrug Companies Don't Want to Disclose Lawsuit Defense Costs
Costs estimating of ongoing litigation is "highly subjective, subject to huge swings as underlying assumptions change, and unlikely to provide financial statement users with meaningful or reliable information," the companies said in a letter to the Financial Accounting Standards Board. Link here.
Currenly, drug companies only have to disclose the estimated costs when they believe it is probable a case will be lost.
Full post as published by A Georgia Lawyer on August 13, 2008 (boomark / email).
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