While we believe that our payments and programs are compliant with the Anti-Kickback Statute, no assurance can be given as to the timing or outcome of the DOJ's investigation, or that it will not result in a material adverse effect
on our business."
In the event of Vinci receiving 90pc of acceptances, it would be legally obliged to proceed with the acquisition, although it could appeal to the Takeover Panel that the terror attacks in America have had a material adverse effect
"The factual record adequately supports the Court of Chancery's determination...that Akorn had suffered a material adverse effect
" of the merger agreement that "excused any obligation on Fresenius's part to close," the high court stated in an opinion today.
If the company is unable to fully comply with the terms of the Panel's decision, the company's common stock could be delisted from The NASDAQ Capital Market which would have a material adverse effect
on the company's business and on the trading of its common stock.
Any adverse action by the FDA, depending on its magnitude, may restrict us from effectively producing, marketing and selling the product that is the subject matter of the warning letter and could have a material adverse effect
on our business, financial condition and results of operations."
Although the potential liability with respect to certain of such legal actions cannot be reasonably estimated, none of such matters is expected to have a material adverse effect
on the Company's financial condition, results of operations or cash flows.
The company does not expect the orders to have a material adverse effect
on its business, financial position, results of operations or cash flow.
Such service interruptions could have a material adverse effect
on MoviePass' ability to retain its subscribers.