2013. Eastern Manufacturing is involved with several situations that possibly involve contingencies. Each is described b

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2013 Eastern Manufacturing Is Involved With Several Situations That Possibly Involve Contingencies Each Is Described B 1 (97.77 KiB) Viewed 47 times

2013. Eastern Manufacturing is involved with several situations that possibly involve contingencies. Each is described below. Eastern's financial year ends December 31, and the 2012 financial statements are issued on March 15, 2. Eastern is involved in a lawsuit resulting from a dispute with a supplier. On February 3, 2013, judgment was rendered against Eastern in the amount of $107 million plus interest, a total of $122 million. Eastern plans to appeal the judgment and is unable to predict its outcome though it is not expected to have a material adverse effect on the company. b. In November, 2011, a state filed suit against Eastern, seeking civil penalties and injunctive relief for violations of environmental laws regulating hazardous waste. On January 12, 2013 Fastem reacher a a