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But given the firm's seemingly infinite legal exposures, it may be inevitable.
It resolves the company's largest remaining legal exposures, provides clarity on costs and creates certainty of payment for all parties involved".
The safe harbor, therefore, could encourage servicers to modify their most poisonous loans, even if they are not yet near default, just to reduce their legal exposures.
It resolves the company's largest remaining legal exposures, provides clarity on costs and creates certainty of payments for all parties involved," said the company's chairman, Carl-Henric Svanberg.
Altria, the parent of Philip Morris, is the fourth most-profitable firm in America, with legal exposures unlikely to disappear until the company is dead.Philip Morris was bound to respond to the huge verdict by appealing and doing all in its power to resist posting a required $12 billion bond.
"It resolves the company's largest remaining legal exposures, provides clarity on costs and creates certainty of payment for all parties involved," Svanberg said.
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While secrecy may be exploited legally to avoid publicity, limit legal exposure or ease operations across borders, it can also be employed for nefarious purposes, such as evading taxes and hiding shady ownership histories.
Legal exposure.
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If they mishandle consent, they could face costly legal exposure.
It was not clear what, if any, legal exposure the firms have in the case.
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CEO of Professional Science Editing for Scientists @ prosciediting.com