![]() In connection with third-party agreements, Teva may under certain circumstances be required to indemnify, and may be indemnified by, in unspecified amounts, the parties to such agreements against third-party claims. In addition, Teva incurs significant legal fees and related expenses in the course of defending its positions even if the facts and circumstances of a particular litigation do not give rise to a provision in the financial statements. However, if one or more of such proceedings were to result in final judgments against Teva, such judgments could be material to its results of operations and cash flows in a given period. Accordingly, management's assessments involve complex judgments about future events and often rely heavily on estimates and assumptions.īased on currently available information, Teva believes that none of the proceedings brought against it described below is likely to have a material adverse effect on its financial condition. Litigation outcomes and contingencies are unpredictable, and excessive verdicts can occur. Based upon the status of these cases, management's assessments of the likelihood of damages, and the advice of counsel, no provisions have been made regarding the matters disclosed in this note, except as noted below. Teva records a provision in its financial statements to the extent that it concludes that a contingent liability is probable and the amount thereof is estimable. Except as described below, Teva does not currently have a reasonable basis to estimate the loss, or range of loss, that is reasonably possible with respect to matters disclosed in this note. ![]() Teva believes that it has meritorious defenses to all actions brought against it and vigorously pursues the defense or settlement of each such action. ![]() In addition, as described below, in large part as a result of the nature of its business, Teva is frequently subject to litigation. From time to time, Teva and/or its subsidiaries are subject to claims for damages and/or equitable relief arising in the ordinary course of business. ![]()
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