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Legal Update

FASB Revises its Proposal Regarding Disclosure of Loss Contingencies

16 September 2010
Mayer Brown Legal Update
On July 20, 2010, the Financial Accounting Standards Board (the “FASB”) issued an exposure draft that revises its July 2008 exposure draft concerning revisions to the requirements for disclosure of certain loss contingencies set forth in Topic 450 (Contingencies) of the FASB Accounting Standards Codification (“Topic 450”).

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