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LivaNova PLC (NASDAQ:LIVN), a medical device company, is currently embroiled in a legal dispute over environmental liabilities linked to a former parent company. The Court of Appeal of Milan previously found LivaNova jointly liable with SNIA for environmental damages. Following an Italian Supreme Court decision on March 14, 2025, LivaNova recorded a liability of €333.3 million ($360.4 million) for the first quarter of 2025, which it believes is an accurate estimate inclusive of costs, fees, interest, and taxes.
On May 15, 2025, the Ministry served LivaNova with a filing to return the proceedings to the Court of Appeal. The filing challenges the Supreme Court’s judgment, suggesting that the Court of Appeal should impose costs of at least €108.8 million, contrary to the Supreme Court’s disapproval of €157.3 million in costs. A hearing is requested for 2026.
LivaNova disagrees with the Ministry’s assertions, stating they contradict the Supreme Court’s decisions. The company plans to contest the Ministry’s claims and defend its position based on the Supreme Court’s judgment. LivaNova has not adjusted its full-year 2025 guidance or accrual in response to this development, maintaining its current estimate for the liability.
The information in this article is based on a press release statement.
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