Legal Proceedings
−Removed: We are subject from time to time to disputes with customers concerning our products and services.
−Removed: In May 2016, we received notification of a claim for damages from a customer alleging that certain of our products were defective which we settled for an immaterial amount during the third quarter of 2021.
−Removed: In March 2016, an enforcement action by the Indian Department of Revenue, Ministry of Finance was brought against our subsidiary Aviat Networks (India) Private Limited (“Aviat India”) relating to the non-realization of intercompany receivables and non-payment of intercompany payables, which originated from 1999 to 2012, within the time frames dictated by the Indian regulations under the Foreign Exchange Management Act.
−Removed: In November 2017, the Indian Department of Revenue, Ministry of Finance also initiated a similar action against Telsima Communications Private Limited (“Telsima India”), a subsidiary of the Company, relating to the non-realization of intercompany receivables and non-payment of intercompany payables which originated from the period prior to our acquisition of Telsima India in February 2009.
−Removed: In September 2019, our directors of Aviat India appeared before the Ministry of Finance Enforcement Directorate.
−Removed: No settlement offers were discussed at the meeting and the matter is still ongoing with no subsequent hearing date currently scheduled.
−Removed: We have accrued an immaterial amount representing the estimated probable loss for which we would settle the matter.
−Removed: We currently cannot form an estimate of the range of loss in excess of our amounts already accrued.
−Removed: If the outcome of this matter is greater than the current immaterial amount accrued, we intend to dispute it vigorously.
−Removed: From time to time, we may be involved in various other legal claims and litigation that arise in the normal course of our operations.
−Removed: We are aggressively defending all current litigation matters.
−Removed: Although there can be no assurances and the outcome of these matters is currently not determinable, we currently believe that none of these claims or proceedings are likely to have a material adverse effect on our financial position.
−Removed: We expect to defend each of these disputes vigorously.
−Removed: There are many uncertainties associated with any litigation and these actions or other third-party claims against us may cause us to incur costly litigation and/or substantial settlement charges.
−Removed: As a result, our business, financial condition, results of operations, and cash flows could be adversely affected.
−Removed: The actual liability in any such matters may be materially different from our estimates, if any.
−Removed: We record accruals for our outstanding legal proceedings, investigations or claims when it is probable that a liability will be incurred and the amount of loss can be reasonably estimated.
−Removed: We evaluate, at least on a quarterly basis, developments in legal proceedings, investigations or claims that could affect the amount of any accrual, as well as any developments that would result in a loss contingency to become both probable and reasonably estimable.
−Removed: We have not recorded any significant accrual for loss contingencies associated with such legal claims or litigation discussed above.
+Added: For a discussion of legal proceedings as of June 30, 2023, please refer to “Legal Proceedings” and “Contingent Liabilities” under Note 13.
+Added: Commitments and Contingencies of the notes to consolidated financial statements, which are included in Item 8 in this Annual Report on Form 10-K.
Mine Safety Disclosures
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