LivaNova PLC Faces Ongoing Legal Battle Over Environmental Liabilities as Italian Supreme Court Refers Case Back to Court of Appeal

Reuters
05-22
<a href="https://laohu8.com/S/LIVN">LivaNova PLC</a> Faces Ongoing Legal Battle Over Environmental Liabilities as Italian Supreme Court Refers Case Back to Court of Appeal

Livanova PLC is currently involved in ongoing litigation concerning environmental liabilities inherited through its merger with Sorin. The Court of Appeal of Milan had previously held Livanova jointly and severally liable with SNIA, Sorin's former parent company, for these liabilities. Recently, the Italian Supreme Court issued a decision on appeals from both Livanova and the Italian government, referring the case back to the Court of Appeal to finalize costs and damages. As a result, Livanova has recorded a liability of €333.3 million ($360.4 million) for the first quarter of 2025, encompassing estimated costs, fees, interest, and taxes. Despite a filing from the Ministry of Ecological Transition, the Ministry of Economy and Finance, and the Prime Minister's Office, Livanova plans to challenge the ministry's assertions, maintaining that the liability recorded is accurate and consistent with the Supreme Court's judgment. The company has not adjusted its full-year 2025 financial guidance following this development.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Livanova plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001639691-25-000047), on May 21, 2025, and is solely responsible for the information contained therein.

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