Interesting take from Vivint. Last week, a jury ordered Vivint To pay $190 Million in damages to CPI which prompted Vivint's buyer NRG to re-evaluate the deal.
Now, Vivint's just released 10K, page 109, discloses an estimate of liability of just $10.8 million, though they admit that is the "low end of the range":
** ******** **, ****, * **** in *** *.*. ******** *****, ******* District ** ***** ********, ********* ********, issued * ******* ******* *** *******, in ***** ** *** ******** *******, Inc. (“***”) *** $**.* ******* ** compensatory ******* *** ** ********** $*** million ** ******** ******* ** * lawsuit ***** ** *** ** **** regarding ******* ********** ********* ** ******* Vivint ***** *********. ***** ** ****** and ******** ** ***** *******, *** Company ******** *** ******* ** *** legally ** ********* ********* *** ******* to ****** ****-******** ******** *** **** an ****** *** **** ******** ** examine *** ***** ******* ********* ** it.
*** ******* *** ********** **** * range ** **** **** ******* ** this ********** ** ******** (** **** term ** ******* ** *** ***-**-**) and *** ** *** ****** ******* of ****accrued ** ********* ********* ** $**.* *******. The accrual reflects the *** *** ** *** ***** ** ********* **** ** $**.* ******* ** ** *** ******* ******. This estimated range is based on management’s best judgment after consultation with legal counsel. [emphasis added]
************, ******* *** ********* ******** *** lowered ** **** ********* **********. *******, that ****** ** ********** * ********* of **%+ ** **********.
*************, *** ****** ****** ***** ** mention ** *** ******* *** **** which ** ********* ** ** ** trial **** ******.