litigation
confidence high
sentiment negative
materiality 0.80
Italian Ministry seeks €108.8M minimum costs in SNIA case; LivaNova disputes
LivaNova PLC
- On May 15, 2025, Italian Ministry served filing to Court of Appeal seeking minimum costs of approximately €108.8M, contrary to Supreme Court's decision that disapproved €157.3M.
- LivaNova recorded €333.3M ($360.4M) current liability as best estimate for the SNIA environmental matter as of March 31, 2025.
- Company disagrees with Ministry's assertions and intends to challenge them; no change to full-year 2025 guidance.
- Italian Supreme Court referred case back to Court of Appeal for implementation regarding costs and damages per its judgment.
- Ministry also requested a hearing in 2026 in connection with the proceedings.
item 7.01