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Quotes & Info
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| CSC > SEC Filings for CSC > Form 8-K on 27-Aug-2009 | All Recent SEC Filings |
27-Aug-2009
Other Events
As previously disclosed in the Company's periodic reports with the U.S. Securities and Exchange Commission, the Company is engaged in certain litigation with the U.S. government before the Armed Services Board of Contract Appeals relating to two sets of claims under the Contract Disputes Act. On August 27, 2009, the government agreed to settle the smaller set of claims with CSC. As a result of the settlement and other contractual arrangements, the Company expects the deferred costs related to the smaller set of claims will be fully recovered. The foregoing are not expected to have a material impact on the Company's consolidated financial statements for the quarter ending October 2, 2009.
The Company continues its litigation with respect to the larger set of claims. As of July 3, 2009, there were $414 million of unbilled receivables and $227 million of deferred costs associated with the larger set of claims.
All statements in this Form 8-K that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent the company's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the company's control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled "Risk Factors" in CSC's Form 10-K for the fiscal year ended April 3, 2009 and any updating information in subsequent SEC filings. The company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise, except as required by law.
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