Cricket Wireless 2012 Annual Report Download - page 54
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Please find page 54 of the 2012 Cricket Wireless annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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As we continue to develop existing Cricket markets, we may lease additional or substitute office facilities,
retail stores, cell sites, switch sites and warehouse facilities.
Item 3. Legal Proceedings
From time to time, we are involved in a variety of lawsuits, claims, investigations and proceedings
concerning intellectual property, commercial disputes, business practices and other matters. Due in part to the
expansion and development of our business operations, we have become subject to increased amounts of
litigation, including disputes alleging intellectual property infringement. These matters may seek monetary
damages and other relief.
We believe that any damage amounts alleged by plaintiffs in matters that may arise are not necessarily
meaningful indicators of our potential liability. We determine whether we should accrue an estimated loss for a
contingency in a particular legal proceeding by assessing whether a loss is deemed probable and whether its
amount can be reasonably estimated. We reassess our views on estimated losses on a quarterly basis to reflect the
impact of any developments in the matters in which we are involved.
Legal proceedings are inherently unpredictable, and the matters in which we are involved often present
complex legal and factual issues. We vigorously pursue defenses in legal proceedings and engage in discussions
where possible to resolve these matters on terms favorable to us. It is possible, however, that our business,
financial condition and results of operations in future periods could be materially adversely affected by increased
litigation expense, significant settlement costs and/or unfavorable damage awards.
Item 4. Mine Safety Disclosures
None.
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