At the time, Quattrone was
aware of pending litigation regarding one specific IPO (VA Linux) and that the US Attorney was likely to hand down an indictment centering on how CSFB allocated pre-IPO shares to their best clients in the VA Linux IPO.
The Company is not currently a party to any material legal proceedings, nor is the Company
aware of any
pending or threatened
litigation that would have a material adverse effect on the Company's business, operating results, cash flows, or financial condition should such
litigation be resolved unfavorably.