LivaNova to record ~€333M liability after Italian Supreme Court ruling on SNIA environmental case

LivaNova PLC

Italian Supreme Court rules LivaNova jointly liable for SNIA environmental liabilities of €454M, but excludes €157M in prior payments.
Company expects to record a liability of ~€333M ($363M) in Q1 2025 as best estimate including costs, fees, interest, and taxes.
LivaNova has sufficient resources: cash $429M and restricted cash $295M as of Dec 31, 2024 to cover the liability.
Case remanded to Court of Appeal of Milan to implement decision on costs and damages.

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