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Chapter 6. Growing Mushrooms: The Art of... > Red Flag 13: Disclosure of Major Lit...

Red Flag 13: Disclosure of Major Litigation Problems or Reserves for a Settlement

It is important to check what a company says under headlines such as “legal proceedings and contingencies,” “litigation,” and “commitments and contingencies” because this is often where a company will update investors on critical lawsuits it faces. For example, many major industrial companies are facing huge class-action lawsuits involving hundreds of thousands of claims because they manufactured or used asbestos products in the past.


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