Pitney Bowes 2013 Annual Report Download - page 22

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11
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
We own or lease numerous facilities worldwide, which house general offices, sales offices, service locations, data centers and call centers.
We conduct research and development, manufacturing and assembly, product management, IT and many other activities at our Global
Technology Center located in Danbury, Connecticut. We also have research and development facilities located in Noida, India and Pune,
India.
Our corporate headquarters is located in a building that we own in Stamford, Connecticut. In the third quarter of 2013, we entered into
an agreement to sell this building. We will lease a smaller corporate headquarters in Stamford, Connecticut and relocate many of our
employees to other facilities located in the Connecticut area by mid-2014.
Management believes that our facilities are well maintained, are in good operating condition and are suitable and adequate for our current
business needs.
ITEM 3. LEGAL PROCEEDINGS
In the ordinary course of business, we are routinely defendants in, or party to, a number of pending and threatened legal actions. These
may involve litigation by or against us relating to, among other things, contractual rights under vendor, insurance or other contracts;
intellectual property or patent rights; equipment, service, payment or other disputes with clients; or disputes with employees. Some of
these actions may be brought as a purported class action on behalf of a purported class of employees, clients or others.
In December 2013, we received a Civil Investigative Demand (CID) from the Department of Justice (DOJ) pursuant to the False Claims
Act requesting documents and information relating to compliance with certain postal regulatory requirements in our Presort Services
business. We had previously provided information to the DOJ in response to letter requests and continue to provide information in response
to the CID and other requests from the DOJ. Given the current stage of this inquiry, we cannot provide an estimate of any possible losses
or range of loss and we cannot yet predict the ultimate outcome of this matter or its impact, if any, on our business, financial condition
or results of operations.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.