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MFE » Topics » Compliance Or the Failure to Comply with Current and Future Environmental Regulations Could Cause Us Significant Expense.This excerpt taken from the MFE 10-K filed Dec 21, 2007. Compliance
Or the Failure to Comply with Current and Future Environmental
Regulations Could Cause Us Significant Expense.
We are subject to a variety of federal, state, local and foreign
environmental regulations. If we fail to comply with any present
and future regulations, we could be subject to future
liabilities, the suspension of production or a prohibition on
the sale of our products. In addition, such regulations could
require us to incur other significant expenses to comply with
environmental regulations, including expenses associated with
the redesign of any non-compliant product. From time to time new
regulations are enacted, and it is difficult to anticipate how
such regulations will be implemented and enforced. For example,
the European Union recently effected the Restriction on the Use
of Certain Hazardous Substances in Electrical and Electronic
Equipment Directive (RoHS) and the Waste Electrical and
Electronic Equipment Directive (WEEE). Similar legislation is
currently in force or is being considered in the United States,
as well as other countries, such as Japan and China. The failure
to comply with any of such regulatory requirements or
contractual obligations could result in us being liable for
costs, fines, penalties and third-party claims, and could
jeopardize our ability to conduct business in the jurisdictions
where these regulations apply.
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