GREY:CRIUF - Post by User
Comment by
borne2runon Nov 13, 2017 4:48pm
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Post# 26954619
RE:At the end of the day
RE:At the end of the daysynectix, what's your next bear argument?
From today's earnings release
Management is pleased to report significant progress towards final resolution and settlement of the pending legal and regulatory matters for which the Company established a legal reserve in the first half of 2017, with the legal reserve remaining unchanged at $13.0 million through the end of the third quarter. Management has entered into agreements in principle to settle these matters and expects to announce such settlements within the next few months. The associated legal fees of $0.3 million incurred in the third quarter of 2017, which were excluded from Adjusted EBITDA and Distributable Cash, were materially decreased from the prior two quarters as the matters near resolution.